Euro zone unemployment at record heights

Source: Bloomberg
The Euro zone unemployment in March and April was in line with the forecasts and reached 11%. This is the highest level since 1995 when the time series started. In Spain, where government is struggling with banking crisis, unemployment increased by 0.2% since March and reached 24.3% - the highest level amongst all Euro zone countries. In France and Portugal unemployment increased by 0.1% and was 10.2% and 15.2%, respectively. 

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