Don't miss

Replay


LATEST SHOWS

#TECH 24

Station F: Putting Paris on the global tech map

Read more

THE INTERVIEW

Davos 2017: 'I believe in the power of entrepreneurs to change the world'

Read more

FRANCE IN FOCUS

French education with a difference: Teachers who think outside the box

Read more

#THE 51%

Equality in the boardroom: French law requires large firms to have 40% women on boards

Read more

FASHION

Men's fashion: Winter 2017/2018 collections shake up gender barriers

Read more

ENCORE!

Turkish writer Aslı Erdoğan speaks out about her time behind bars

Read more

REVISITED

Video: Threat of economic crisis still looms in Zimbabwe

Read more

BUSINESS DAILY

DAVOS 2017: Has the bubble burst?

Read more

BUSINESS DAILY

DAVOS 2017: Summit overshadowed by geopolitical changes

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)