EU youth jobless rate drops -------------------------------------------------------- Youth unemployment hit a record high across the EU in 2013, soaring to 23.7%. Now the start of a €6.4 billion Youth Employment Initiative has enabled 424,000 young people to find work in the past year -------------------------------------------------------- Youth unemployment rates (Aug 2015) YEI allocations (2014-2020) Spain 48.8% €1,886.9m Greece* 48.3% €48.3% Croatia* 43.5% €132.4m Italy 40.7% €1,135.0m Cyprus* 32.6% €23.1m Portugal 31.8% €321.5m Slovakia* 24.6% €144.4m France 24.5% €620.3m Belgium 22.6% €84.9m Romania* 22.3% €211.9m Bulgaria 21.3% €110.4m Ireland 20.7% €136.3m Sweden 20.4% €88.3m Poland 19.0% €504.9m Lithuania 18.9% €63.5m Hungary 17.7% €99.5m Slovenia 16.8% €18.4m UK* 15.4% €412.2m Latvia 14.1% €58.0m Czech Rep. 12.4% €27.2m -------------------------------------------------------- Youth jobless rate: 20.4% (Aug 2015) Youth Employment Initiative: Set up in 2013 to help 20 countries. Greece, Spain and Italy will receive biggest share €3.4bn -------------------------------------------------------- Source: Eurostat €*latest unemployment rates are for June 2015 words 145