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MADRID (AP) — The number of people unemployed in Spain hit a record high, official figures showed Friday, as the International Monetary Fund urged European leaders to quickly fulfill their promises to help the country and the 17-country eurozone.
The recession-hit country's unemployment rate rose to 24.63 percent in the second quarter, up 0.19 percentage points from the previous three months, the National Statistics Institute said. The rate is the highest in the eurozone and is worse than Spain's previous record of 24.55 percent hit in 1994, according to the country's Labor Force Survey.
NEW YORK (CNNMoney) -- U.S. stocks rallied Friday on hopes that central banks in Europe and the United States will take steps to support the economy.