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Greek industrial slump persists, jobless rate at record high
Greece's industrial slump deepened and unemployment ticked up to a record high, data showed on Thursday, highlighting the ravages of a six-year recession even as the debt-laden economy shows tentative signs of an economic recovery elsewhere. The jobless rate rose slightly to a record 27.8 percent in October from 27.7 percent in the previous month while industrial output contracted in November for a fifth consecutive month, by 6.1 percent. With more than one in four of the workforce unemployed, joblessness is a major headache for Greece's government as it scrambles to hit fiscal targets and carry out structural ... (full story)
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