Economy - Voice of America: Eurozone Jobless Rate Hits Record as Manufacturing Contracts

Economy - Voice of America economy-and-business

Eurozone Jobless Rate Hits Record as Manufacturing Contracts Jul 2nd 2012, 14:22 Twin reports are showing new economic weakness in the 17-nation euro currency bloc, with the jobless rate reaching a record level and manufacturing activity unchanged at a three-year low. The European Union said Monday the eurozone's unemployment rate edged up in May to 11.1 percent, the highest rate since the euro was launched in 1999. More than 17 million workers are unemployed, up nearly two million compared to a year ago. The worst jobless rate in May was recorded in debt-ridden ... Media files: 0FCB36CD-CA5A-422A-A115-A7AADFD1813D_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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