Eurozone Jobless Rate Hits New High

The jobless rate in Europe’s 17-nation euro currency bloc has hit another new high, edging up to 12.1 percent in March.
European officials said Tuesday that 19.2 million people are now unemployed in the eurozone, with another 62,000 workers laid off last month.

Analysts said the latest news about the eurozone labor market is likely to increase pressure on the European Central Bank to cut its benchmark interest rate when its policymakers meet later this week. The interest rate is …

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