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Euro-Area Inflation Steady; Unemployment Hits 13-Year High November 30, 2011, 10:40 PM EST

Nov. 30 (Bloomberg) -- European inflation remained at a three-year high and unemployment increased to the highest in more than 13 years, undermining an economy already hit by a worsening fiscal crisis.

The inflation rate in the 17-nation euro area held at 3 percent in November, the European Union's statistics office in Luxembourg said in an initial estimate today. The region's unemployment rate rose to 10.3 percent in October from 10.2 percent in the previous month, according to a separate report. That's the highest since June 1998, before the euro was introduced, according to Eurostat.

read full: http://www.businessweek.com/news/2011-11-30/euro-area-inflation-steady-unemployment-hits-13-year-high.html

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