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Thursday, November 1, 2012

Eurozone unemployment continues to march higher.

The eurozone unemployment rate rose to another record high of 11.6% in September from 11.5% in August and vs consensus of 11.5% also. The total number of unemployed increased by 146,000 to 18.49M. As you would expect, Southern Europe continues to bear the worst of it, with Spanish and Greek rates topping 25%.

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