Unemployment in the eurozone fell to 10.2 percent in March.
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Overcoming years of poor health and crisis, the eurozone economy in the first quarter grew at its fastest pace in five years, driven by unlikely stars such as France and Spain.Nonetheless, growth among the 19 countries sharing the euro jumped 0.6 percent on the quarter, well past expectations for 0.4 percent and ahead of Britain's 0.4 percent.The U.S. economy grew 0.5 percent on an annualized basis in the first quarter, implying only slightly more than 0.12 percent for the quarter.Annual eurozone growth held firm at 1.6 percent, more than three times the U.S. rate in the same period.Indeed, unemployment in the eurozone, though still high, fell to 10.2 percent in March from 10.4 percent a month earlier, its lowest in over four years, with Spain among the most improved.
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