Euro-Area Unemployment Unexpectedly Declined in June
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The unemployment rate in the euro area fell in June as the currency bloc gradually shakes off the legacy of the region’s debt crisis and longest-ever recession.
The jobless rate dropped to 11.5 percent from 11.6 percent in May, the European Union’s statistics office in Luxembourg said today. While that’s still near a record high of 12 percent, it is less than the 11.6 percent median forecast of 31 economists in a Bloomberg News survey.