Open

Coming up

Don't miss

Replay


LATEST SHOWS

FASHION

Paris, Haute Couture Fall/Winter 2014-2015.

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

  • Israeli navy attacks Hamas base as tanks line up along Gaza border

    Read more

  • French court lifts mayor’s ban on Muslim hijab at beach

    Read more

  • Shells land in Russia as eastern Ukrainians flee fighting

    Read more

  • Rival Libyan militias exchange heavy fire at Tripoli airport

    Read more

  • Holland beat hosts Brazil 3-0 to finish third in World Cup

    Read more

  • Germany vs Argentina - history and genius clash in World Cup final

    Read more

  • Iraqi parliament fails to agree on new leadership

    Read more

  • Afghan presidential candidates agree to full vote audit, Kerry says

    Read more

  • France’s Kadri wins eighth stage at Tour de France

    Read more

  • Last of the Ramones, Tommy Ramone, dies aged 62

    Read more

  • Video: Outrage in wake of deadly Casablanca buildings collapse

    Read more

  • Iraqi forces ‘executed prisoners in reprisal’ for ISIS killings

    Read more

  • Ukraine promises retaliation after rebel assault

    Read more

  • Putin revives old Cuban flame and eyes Latin American minerals

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

Business France

Unemployment jumps to 8.7 percent

©

Text by NEWS WIRES

Latest update : 2009-06-04

The unemployment rate in France jumped to 8.7 percent in 2009's first quarter, up from the downgraded 7.6 percent for the fourth quarter of 2008. Finance Minister Christine Lagarde said the figure is consistent with the European average.

AFP - France's unemployment rate shot up to 8.7 percent in the first quarter of 2009, fresh data from the national statistics agency INSEE showed on Thursday.
   
"It's clearly a bad figure," Economy Minister Christine Lagarde said on French radio. "There has been a deterioration in the job situation which is quite simply a consequence of a deterioration in the economic situation."
   
The unemployment rate was 7.6 percent in the fourth quarter of 2008, she said, revising downward an earlier figure of 7.8.
   
The figures refer to mainland France, excluding overseas departments such as the Caribbean islands of Guadeloupe and Martinique which were crippled by weeks of strikes over pay earlier this year.
   
Including the overseas territories, the unemployment rate was 9.1 percent, according to INSEE.
   
France had a longstanding problem of a high underlying rate of joblessness even before the economic crisis, and economists have forecast that unemployment will pass 10 percent at the start of 2010.
 

Date created : 2009-06-04

Comments

COMMENT(S)