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Latest update: 25/01/2012
- financial crisis - France - French economy - unemployment
French unemployment hits 12-year high in December
French government figures show the number of jobseekers in France rose by 29,700 in December to reach 2.87 million, the highest level since 1999, in further bad news for President Nicolas Sarkozy ahead of elections in the spring.
By News Wires (text)
AFP - French unemployment rose again in December with the number of registered jobseekers increasing by 29,700 to reach 2.87 million, the labour ministry said on Wednesday.
The number of jobseekers in France had hit its highest level since 1999 in November, with 2.84 million registered.
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The December figure was one percent higher than in November and 5.6 higher than in December 2010.
Facing a tough election battle in three months, President Nicolas Sarkozy has vowed to tackle growing joblessness in the French economy, hit by the eurozone debt crisis.
At a summit this month, he announced 430 million euros ($558 million) worth of new measures to encourage struggling firms to keep workers on and to retrain them.
Before his election in 2007, Sarkozy vowed to lower joblessness to five percent, but the unemployment level hit 9.3 percent in the third quarter of last year and is on track to surpass 10 percent.
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french un-employment
this is very alarming situation that un-employment has reached its high level after 1999.It means a huge burdon on French economy.But i am very sure it could be reduced by best controle through LABOUR INSPECTORS.I fear more than 2.7 million illeagle workers are working in France,specially after crices in Italy,Spain,Greece,Portugal there is more burdon on french economy,because workers entering France every day.specialy in construction,renovation sectors there are seen illeagle workers.Big companies trasfer work to further sub-contractors who indulge illeagle workers.Many sub-contractors after two years finish their company showing default,they had to do so because they are always working illeagle.there are lot more alarming factors that are big danger to french economy.It is also seen genuine workers cant find work while at same position illeagle workers get that job at low salary.meanwhile it is also possible jobseekers already registered, many of them also work illeagle.If its not controled un-employment will increase day by day.
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