Last week, the European Commission, the EU's executive arm, forecast that that the eurozone unemployment rate was likely to rise further this year and average around 12.2 percent for the year as a whole.Even if growth does emerge in the eurozone, as some recent economic indicators have suggested, it usually takes time for unemployment to start falling â¿¿ it is widely considered to be a lagging indicator. And high levels of unemployment make it even more difficult for economies to recover and for governments to get their public finances into shape.
Eurozone Jobless Hits Another Record
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