Euro-Area Unemployment Climbs to Record on Recession
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The euro-area inflation rate fell below the European Central Bank’s 2 percent ceiling for the first time in more than two years and unemployment climbed to a record as the currency bloc remained mired in recession
Annual inflation slowed to 1.8 percent in February from 2 percent a month earlier, the European Union’s statistics office in Luxembourg said today. That’s below the 1.9 percent median of 35 economists’ estimates in a Bloomberg News survey. Unemployment rose to a record 11.9 percent in January.