Youth unemployment in European Union : short run prediction

Abstract

Generally, young people are the most affected in the labour market in Europe, youth unemployment rates are higher than the overall unemployment in all the countries of the Union. But there are big differences between the average rates of the European Union and the Spanish and Greek’s rates.Young people are who stay in the most worrying situation. They are the future of the economy, in Spain, Greece, Portugal and Europe. Therefore, it is interesting to know how will be the evolution of these rates in a short term and it is also important to take actions to change this situation and improve conditions for young people,since these are the future of the economy.