Recession, May | featured news

(Image from article: "New jobless claims drop; retail sales rise")

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Eurozone unemployment hits new record in May

Unemployment in the 17-country euro currency bloc hit another record in May as the crippling financial crisis pushed the continent toward the brink of recession, official figures showed Monday.

New jobless claims drop; retail sales rise

The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months, fresh evidence that the worst of the recession may have past.

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