For his age group, Spaniard Miguel Viada is one of the lucky ones. The 25-year-old has a temp job, at the help desk of a tech company in Madrid. But three out of his four roommates are unemployed.
They spend hours on the computer, sending out resumes, he says.
"It's impossible. They find jobs, but for one month, or something like that. And not in very good places or situations," says Viada, who has a master's degree.
The better-than-expected jobs numbers released today, sent the markets into positive territory they hadn't seen in years.
The Nasdaq Composite rose to an 11-year high, while the Dow hit its highest reading in almost four years. The S&P gained 1.4 percent, marking its best start to a new year since 1987.