Unit 2: Youth and general unemployment in the UK and Europe

Another horrible set of unemployment stats, especially in terms of youth unemployment

http://news.sky.com/home/uk-news/article/16111343 Sky
http://www.bbc.co.uk/news/uk-15760472 BBC
http://www.bbc.co.uk/news/business-1575562BBC
http://blogs.channel4.com/faisal-islam-on-economics/bad-news-grim-jobs-data-worse-news-euro-effect-to-come/15570 Ch4

and the view from Wales

http://www.bbc.co.uk/news/uk-wales-15767242

and this summary from tutor2u

http://www.tutor2u.net/blog/index.php/economics/comments/testing-times-for-the-uk

a) What are the costs of such high youth unemployment to the UK economy?
b) Using the Europe data halfway down the page, discuss how much of a problem youth unemployment is in the UK