Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

French papers pay tribute to Christophe de Margerie

Read more

MIDDLE EAST MATTERS

Anti-IS group fighters: When foreigners join the fight against jihadists

Read more

IN THE PAPERS

Pistorius and the lone walk to prison

Read more

MEDIAWATCH

Armed clowns terrify the north of France

Read more

AFRICA NEWS

Central African Republic: Stability still a struggle ahead of 2015 elections

Read more

DEBATE

Oscar Pistorius sentenced: Does the punishment fit the crime? (part 2)

Read more

DEBATE

Oscar Pistorius sentenced: Does the punishment fit the crime?

Read more

MEDIAWATCH

Provocative sculpture "unplugged"

Read more

THE OBSERVERS

'Flying coffins' in Ivory Coast and a rich Maltese couple rescuing migrants

Read more

France

French joblessness climbs to highest rate since 1999

© AFP

Text by News Wires

Latest update : 2013-03-07

France’s unemployment rate reached 10.6% in the fourth quarter of last year, climbing 0.3% from the previous quarter, the French national statistics agency said Thursday. Unemployment is now at its highest level since 1999.

France’s unemployment rate climbed again in the fourth quarter of last year, reaching 10.6 percent and bearing new pressure on the sluggish French economy as President Francois Hollande’s Socialists roll out a controversial labor-market reform.

The national statistics agency Insee said Thursday said the jobless rate rose 0.3 percent point, from 10.3 percent in the third quarter of 2012.

Hit by concerns about high debt amid a slowing global economy, countries across Europe are struggling with high unemployment rates. While France has avoided the worst of the crisis thus far, its high and rising unemployment rate indicates its economy is also in trouble.

French unemployment has been climbing steadily since last year after dropping for a few quarters. It is now higher than at any time since 1999.

(AP)

 

Date created : 2013-03-07

  • EUROZONE

    Eurozone unemployment reaches record high

    Read more

  • FRANCE

    French unemployment level hits 15-year high

    Read more

  • EUROZONE

    Eurozone recession to last another year

    Read more

COMMENT(S)