Euro-Area Unemployment Rises to Record as Recession Bites

The euro-area jobless rate rose to a record in October as the fiscal crisis and tougher austerity measures deepened the region’s economic woes. Unemployment in the 17-nation single-currency bloc increased to 11.7 percent from 11.6 percent in September, the European Union’s statistics office in L…

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Euro-Area Unemployment Rises to Record as Recession Bites

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