This chapter analyses the influence of country-level education mismatch and individual-level educational attainment on the probability of being unemployed or staying in alternative labour statuses for people aged 15–34 and living in Europe (between 2006 and 2010). We find that more years of education reduce the probability of being unemployed and slightly raise the probability of being self-employed. In addition, an extra year of education reduces the unemployment probability in countries that experienced a higher mismatch after 2008. Therefore, improving access to university degrees remains the main road to tackle youth unemployment caused by education mismatch, even after the outbreak of the current economic crisis.