Euro-Area Unemployment Rate Rises to Record 11.8% Amid Recession

The euro-area jobless rate rose to a record in November as the fiscal crisis and tougher austerity measures deepened Europe’s economic troubles. Unemployment in the 17-nation region rose to 11.8 percent from 11.7 percent in October, the European Union’s statistics office in Luxembourg said today…

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Euro-Area Unemployment Rate Rises to Record 11.8% Amid Recession

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