Euro-Region Jobless Rate Stuck at 12.2 Percent Despite Recovery Claims



Euro-region unemployment probably stayed at a record high in June even as the economy emerged from the longest recession since the single currency's creation, economists said.

The jobless rate remained at 12.2 percent last month, according to the median of 36 forecasts in a Bloomberg News survey. That would match the result for May, which was the highest since records began. Eurostat, the European Union's Luxembourg-based statistics office, will publish the data tomorrow at 11 a.m.