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Italy's Unemployment Leaps to 9.8%, the highest level since 2000



02 May 2012 @ 07:05 am EDT

Unemployment rate in Italy climbed to the highest level since 2000 to 9.8% in March compared to a revised of 9.6% in February.

The frustrating reading rings the bills of recession amid Monti's expectations of a contraction of 1.2% this year.

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