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Tuesday, October 2, 2012

Eurozone unemployment hits a record.

 Eurozone unemployment was 11.4% in August (June and July were revised higher to 11.4% as well), the highest since the data series began in 1995. "(It) still has not reached its peak," says Thomas Costerg of Standard Chartered. "A worrying trend is that the number of unemployed is now also expanding in core countries like Germany, which had been rather sheltered up to now."

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