July 31, 2012

Euro-Area Unemployment Rate Reaches Record 11.2%: Economy

The jobless rate in the euro area reached the highest on record as the festering debt crisis and deepening economic slump prompted companies to cut jobs.

Unemployment in the economy of the 17 nations using the euro reached a revised 11.2 percent in May and held at that level in June, the European Union’s statistics office in Luxembourg said today. Read more.

Bloomberg

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