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Sunday, December 1, 2013

Eurozone unemployment drops for first time in almost three years.

Eurozone unemployment has unexpectedly fallen for the first time since February 2011, dropping to 12.1% in October from 12.2 in September. Austria had the lowest rate (4.8%) and Spain the highest (26.7%). Meanwhile, inflation has risen a preliminary 0.9% in November from 0.7% in October, but it still remains well below the ECB's target of just under 2%.

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