Southern Europe’s employment boom is not strong enough
Structural problems keep unemployment in Europe’s sun belt too high
AH, TO BE YOUNG and in Spain. A record 21.3m people are in work, and the unemployment rate is at its lowest in over a decade (see chart 1). More youngsters are working or studying: the rate of those aged 15-29 who are doing neither fell from 22.5% in 2013 to 12.5% in 2022. Indeed, across southern Europe (including France, which is partly southern), more and more people are employed (see chart 2). For the part of the continent that has always had high unemployment, even before the euro crisis, these are very good numbers.
This article appeared in the Europe section of the print edition under the headline “A tough climb”
Europe December 9th 2023
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