Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office....

|By:, SA News Editor

Euro-area unemployment hits a record 12.1% in March according to the EU's statistics office. Although the figure is inline with expectations, it underscores the currency bloc's continuing economic woes and shows a recovery from the protracted debt crisis may still be some ways off. The news adds to speculation that the ECB will cut rates this week.