Don't miss

Replay


LATEST SHOWS

MIDDLE EAST MATTERS

War in Syria: UN refugee agency denounces rape of men and boys

Read more

MEDIAWATCH

Poland protests for right to abort

Read more

EYE ON AFRICA

Ethiopian opposition leader Merera Gudina released from jail

Read more

BUSINESS DAILY

Apple to pay $38 billion in US taxes by moving cash home

Read more

IN THE PAPERS

'And the winner is'... Trump awards Fake News to CNN, New York Times

Read more

IN THE PAPERS

Cop-out or ecological victory? France scraps plans for controversial airport

Read more

THE INTERVIEW

'Equatorial Guinea's attempted coup began in France,' says President Obiang

Read more

MEDIAWATCH

Calais: a no-man's land for migrants

Read more

THE DEBATE

Poland's existential struggle: Abortion debate spurs protests over right-wing shift

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)