Euro-Area Unemployment Increases to Record 12.1% Amid Recession
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The euro-area jobless rate rose to a record in March, increasing pressure on the European Central Bank to take additional measures to boost growth.
The euro-area unemployment rate advanced to 12.1 percent from 12 percent in the previous two months, the European Union’s statistics office in Luxembourg said today. That’s in line with the median of 31 economists’ estimates in a Bloomberg News survey.