This document summarizes the 2012 EU Youth Report. It discusses the EU Youth Strategy for 2010-2018, which consists of three-year work cycles to evaluate progress and set new priorities. The 2012 report focuses on addressing challenges young people face from the economic crisis, such as unemployment and social inclusion, as well as increasing youth participation. It highlights the value of the EU Youth Strategy and its role in achieving the goals of the Europe 2020 agenda. The report includes two staff working documents, one outlining results from the first three-year cycle and the other examining the situation of young people in the EU using various indicators.