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EUROSTAT, IL SOLE 24 ORE (Italy)

Worldcrunch

PARIS - The euro zone has registered yet another record high unemployment rate of 12.2%, European statistics agency Eurostat reports on Friday.

Earlier in the day, Italy, the third-largest economy in the currency bloc, reported a first quarter jobless rate of 12.8%, the highest in the 36 years this data has been collected, Meanwhile youth unemployment rose to a staggering 40.5%, also an all-time record high, reports Il Sole 24 Ore.

-More than 26 million people unemployed in the 27-member European Union.

-More than 19 million unemployed in the 17-country euro zone.

-Euro zone average: 12.2%

-European Union average: 11%

Highest rates:

Greece: 27% in February 2013

Spain: 26.8%

Portugal: 17.8%

Lowest rates:

Austria: 4.9%

Germany: 5.4%

Luxemburg: 5.6%

In comparison, the United States was 7.5% down from 7.6% in the previous month and 8.1% in April 2012.

Youth unemployment:

-Euro zone youth unemployment: 24.4% up from 24.2% in January 2013.

-European Union under-25 unemployment: 23.5% down from 23.6% in January 2013.

Euro area inflation expected to be on the rise:

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Donetsk People's Republic holds referendum on joining Russia

Irene Caselli, Cameron Manley, Bertrand Hauger and Emma Albright

Russia's proxies in Donetsk, Luhansk, Kherson, and Zaporizhzhia regions announced that referendums on joining Russia had begun that Ukrainian and Western officials have denounced as shams.

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For four days, "voting" will be held at people's homes "for security reasons," Russian state-controlled news agency RIA Novosti wrote. On the last day of the "referendums," on September 27, locals will be asked to go to "polling stations."

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