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Subject:  Eurozone unemployment, record high Date:  4/2/2013  5:22 PM
Author:  WendyBG Number:  419541 of 573556

Unemployment in Euro Zone Reaches a Record High
New York Times: April 2, 2013

PARIS — Unemployment in the euro zone rose to yet another record high in the first two months of the year, official data showed Tuesday, providing confirmation that the economy remains in a deep freeze.

The jobless rate reached 12 percent in both January and February, the highest since the creation of the euro in 1999, Eurostat, the statistical agency of the European Union, reported from Luxembourg....

The euro zone manufacturing sector shed jobs in March for a 14th consecutive month...

An astonishing 58.4 percent of Greek youth were classified as unemployed, Eurostat reported.

Spain, where the economy has also contracted sharply following the collapse of the global credit bubble, posted the second-highest unemployment rate in the euro zone: 26.3 percent in February. ...
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