Wednesday, December 24, 2014

France: unemployment rises to record high – Spiegel Online

France: unemployment rises to record high – Spiegel Online

Paris – In France, the number of unemployed has reached a new record high: the end of November 3,488,300 people were looking for a job as the Labor Department announced in Paris on Wednesday. The number of registered unemployed increased accordingly compared to the previous month by 27,400 or 0.8 percent.

Compared with November 2013, the number increased by 5.8 percent. Was much steeper rise in the over-50s. In this age group, there were eleven percent more unemployed than a year ago.

Prime Minister Manuel Valls had warned on Tuesday that he expected no good news in unemployment figures for November. Since the inauguration of President François Hollande in May 2012, there were only three months a decline in unemployment. Hollande reducing unemployment explains to his central goal.

An unemployment rate published by the Ministry of Labour not on Wednesday. According to the French statistics office Insee, the unemployment rates by another method calculated as the Ministry, the ratio is around ten percent. The numbers indicate the continuing economic weakness in the second largest economy in the euro zone. Only two weeks ago, the rating agency Fitch lowered the rating of the creditworthiness of France.

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