Euro-Area Confidence Rises to 89.4 in May as End to Recession Nears

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Euro-Area Unemployment Hits Record 12.2% in April Amid Recession Nearing an End

May 31, 2013 7:58 AM EDT

U.S. markets are indicated for a lower open Friday following news that unemployment in the 17-member euro-zone edged up to a new record high in April.

The European Commission's Eurostat said that its seasonally-adjusted unemployment rate hit 12.2 percent last month, from 0.1 points from 12.1 percent in March. The... More