2 Read the extract.

Summary of the extract:

The text discusses unemployment as a condition of being capable of working but unable to find a job. It highlights unemployment rates in the US and its significance in Europe, often linked to poverty. The problem is particularly acute among young people who seek employment not just for income but for independence and to adapt to life. The text also touches on issues like graduates being overqualified, the importance of persistence, and underpayment being a form of unemployment.

Answer: The extract explains the concept and impact of unemployment, focusing on its prevalence among youth and related challenges.