Spain's unemployment rate rose sharply to a new eurozone record of 21.3 percent in the first quarter of the year, with nearly 5 million people out of work, the government said Friday.

The rate is a one percentage point jump from 20.3 percent hit at the close of 2010, and adds pressure on Spain as it tries to recover from nearly two years of recession and convince investors that it can handle its debt load.

The country is trying to shift away from dependence on the construction s... Read More

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