Paul Krugman: College Graduates 'Taking It On The Chin' In Weak Economy

04/30/2012 08:25 am ET

In Spain, the unemployment rate among workers under 25 is more than 50 percent. In Ireland almost a third of the young are unemployed. Here in America, youth unemployment is “only” 16.5 percent, which is still terrible — but things could be worse.

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