The Eurozone (EA16) consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland. The EU27 comprises Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).

Eurostat, the EU statistics office, said on Thursday, that five million young people unemployed in the EU27 in Q1 2009. Spain has the highest rate of unemployment for 15-24 year olds, at 34%; Ireland's rate is at 21%.

Eurostat said in a report that after three years of decline, the EU unemployment rate started to rise in the first quarter of 2008 in the wake of the economic crisis. Since then the unemployment rate, especially for young people, has increased sharply in the EU. In the first quarter of 2009, the seasonally adjusted unemployment rate in the EU27 for those aged 15-24 was 18.3%, significantly higher than the total unemployment rate of 8.2%. In the EU27, 5.0 million young people were unemployed. In the Eurozone (EA16), the youth unemployment rate was 18.4% and the total unemployment rate was 8.8%. In the Eurozone, 3.1 million young people were unemployed.

Youth unemployment rate rising faster than total unemployment rate

Between the first quarter of 2008 and the first quarter of 2009, the youth unemployment rate in the EU27 rose by 3.7 percentage points, while the total unemployment rate increased by 1.5 percentage points. The youth unemployment rate increased in all Member States except Bulgaria, where it fell from 13.9% in the first quarter of 2008 to 13.5% in the first quarter of 2009. The largest rises in the youth unemployment rate were registered in Latvia (from 11.0% to 28.2%), Estonia (from 7.6% to 24.1%) and Lithuania (from 9.5% to 23.6%), and the smallest rises were found in Germany (from 10.2% to 10.5%) and Poland (from 17.8% to 18.2%).

Youth unemployment rate higher than total rate in all Member States

All Member States recorded a higher youth unemployment rate than total unemployment rate in the first quarter of 2009. Youth unemployment rates ranged from 6.0% in the Netherlands to 33.6% in Spain, while total unemployment rates varied from 2.9% in the Netherlands to 16.5% in Spain. The largest differences were found in Italy (24.9% for the youth unemployment rate and 7.4% for the total unemployment rate), Spain (33.6% and 16.5%) and Sweden (24.2% and 7.7%), while the smallest differences were registered in Germany (10.5% and 7.4%), the Netherlands (6.0% and 2.9%) and Denmark (8.9% and 4.7%).

Young men affected more by rising unemployment than young women

The unemployment rates for young men and women were virtually equal in the EU27 in the first quarter of 2008 (14.7% for young women compared with 14.6% for young men). But in the first quarter of 2009, the unemployment rate had risen to 19.1% for young men compared with 17.4% for young women. Hence, in the EU27 as a whole, and in most Member States, the rise in unemployment has affected young men more than young women. In the first quarter of 2009, the unemployment rate for young men was higher than that for young women in 16 out of 27 Member States. In the first quarter of 2008, this was the case in 11 Member States.