Euro-Zone Unemployment Hits Record Low, Defying Recession Gloom

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Unemployment in the euro area matched its lowest level on record in November, despite worries that the 20-nation bloc succumbed to a recession in the second half of last year.

The jobless rate dropped to 6.4% from 6.5% in October, Eurostat said Tuesday, equivalent to almost 11 million people out of work in the region of more than 300 million.