Economics
Europe’s Record Jobless Rate Seen Resisting Recovery
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Europe’s nascent economic recovery is too green to make any impact on the region’s jobs market yet, according to economists.
Unemployment in the 17-nation euro area remained at a record high of 12.1 percent in August, according to the median estimate of 30 economists in a Bloomberg News survey. The European Union’s statistics office is due to publish the jobless numbers at 11 a.m. tomorrow in Luxembourg.