European jobless rate reaches 15-year record high

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Source: Bloomberg
Euro Zone jobless rate jumped to the highest level in nearly 15 years whereas region's production fell for a ninth straight month, signalling the Euro Area economy keeps weakening. The unemployment rate in 17-nation region climbed from 10.8 in February to 10.9% in March, EU statistics office said today. Region's manufacturing index dropped from 47.7 in the third month of the year to 45.9 in April. 
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Wed, 02 May 2012 13:13:05 GMT

German DAX lower on employment data

German DAX index pared morning gains after data showed nation's unemployment level unexpectedly increased by 19 000 people in April, marking the first increase in six months. Moreover other report showed Euro Zone jobless rate jumped to all time record 10.9% in March while manufacturing declined. Financials led the decline with Commerzbank dropping 2.4% and Deutsche Bank falling 2%. At

Wed, 02 May 2012 12:16:36 GMT

German unemployment unexpectedly surged in April

German jobless rate unexpectedly climbed first time in last six months as debt turmoil curbed economic growth. The number of unemployed people increased by 19 000, reaching 2.87 million, compared to an expected drop by 10 000 people. The adjusted unemployment rate was 6.8%. 

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