Eurozone unemployment hits another record high
LONDON (AP) — Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro.
Figures released Friday by Eurostat, the EU's statistics office, showed that the recession in the eurozone pushed unemployment up in the currency bloc to 11.7 percent in October, the highest level since the introduction of the euro in 1999.
The rise from September's previous record of 11.6 percent was anticipated after the eurozone returned to recession in the third quarter, commonly defined as two consecutive quarters of negative growth.
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