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Eurozone Unemployment at New Record High

Writer's picture: OurStudioOurStudio

BRUSSELS (AP) — Unemployment across the 17 European Union countries that use the euro has risen to a record 11.9 percent but inflation has fallen to its lowest level in two and a half years, official figures showed Friday.

Eurostat, the EU's statistics office, said nearly 19 million people are unemployed in the eurozone following an increase of around 200,000 in January. That took the rate up from January's 11.8 percent, the previous record.

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