Across the EU, youth unemployment has reached 22 percent.

Red Alert Politics reports.

Millennial misery: Bad in America, worse in Europe

As tough as the job market is for millennials, it could be worse: they could be European.

“The European Union is failing its young,” according to a report from the Intergenerational Foundation, with high levels of youth poverty, unemployment, and economic policies that favor the old at the expense of the young rampant across the Old Country.

Across the EU, youth unemployment has reached 22 percent. In the United States, youth unemployment rate has fallen to 10.3 percent as of January. As in America, unemployment in Europe hits the young harder than the rest of the population.

In Spain, youth unemployment is as high as 53 percent. In France, it’s 24 percent, and in the United Kingdom, it’s 17 percent. Only in Germany (7.7 percent) and Austria (10.3 percent) are unemployment rates lower than the United States. Unemployment rates for Europe’s youth climbed between 2008 and 2013, when it reached a peak of 23.7 percent.