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LONDON: Unemployment in the 16 countries that use the euro spiked to a 10-year high in May, reinforcing concerns that any recovery will take time now with more than 15 million people are out of work. Full Article at Lebanon Daily Star
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Euro zone unemployment crept up to its highest level in 10 years in May, data showed on Thursday, casting a shadow on prospects for any quick recovery from the worst economic recession since World War Two. Full Article at CNBC
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Unemployment hit a 10-year peak in the euro zone in May and U.S. jobless figures were expected to reach their highest level in 26 years on Thursday, dimming any prospect of a quick recovery from recession. Full Article at Globe and Mail
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By Nicholas Winning and Ilona Billington LONDON -- The unemployment rate in the 16 countries that use the euro rose more than expected and to the highest level for a decade in May as more companies laid off staff in a bid to survive the deepest... Full Article at Wall Street Journal
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Unemployment in the 16 countries that use the euro spiked to a 10-year high in May, reinforcing concerns any recovery will take time with so many people out of work. Full Article at TheNewsTribune.com
Related Quotes
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Given that labor-market developments tend to lag behind those in the wider economy, unemployment almost certainly has considerably further to rise
SOURCE: Lebanon Daily Star -
May's sharp increase in euro zone unemployment demonstrates that the ‘green shoots of recovery' are not yet showing up in the labour market
SOURCE: Globe and Mail -
Given that labor market developments tend to lag behind those in the wider economy, unemployment almost certainly has considerably further to rise
SOURCE: Boston Globe -
We need €72m a week to maintain the current level of services. The Government is not in a position ad infinitum, or over the short term, to maintain that level of deficit
