Euro-Area Unemployment Rises to Record 12% Amid Recession

The euro-area jobless rate rose to a record 12 percent in early 2013, adding to signs that the currency bloc’s recession extended into the first quarter. Unemployment in the 17-nation euro area was 12 percent in February and the January figure was revised up to the same level from 11.9 percent e…

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Euro-Area Unemployment Rises to Record 12% Amid Recession

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