Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

If Scotland Says 'Aye': Polls Say Independence Referendum Too Close to Call (part 2)

Read more

MEDIAWATCH

Scottish referendum in the media

Read more

AFRICA NEWS

Homosexuality in Africa: Kenyan movie debuts at Toronto Film Festival

Read more

DEBATE

If Scotland Says 'Aye': Polls Say Indpendence Referendum Too Close to Call

Read more

AFRICA NEWS

Ebola virus: US to send 3,000 troops to West Africa

Read more

THE BUSINESS INTERVIEW

Inger Andersen, Vice President for the Middle East and North Africa, The World Bank

Read more

FOCUS

Scottish referendum: Should I stay or should I go?

Read more

MIDDLE EAST MATTERS

Paris conference: A coalition against the Islamic State group

Read more

ENCORE!

Encore's Film Show: Spies, doppelgangers and gay rights activists

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)