Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Benin feels the pinch of Nigeria's economic woes

Read more

BUSINESS DAILY

Deutsche Bank shares recover after turbulent week

Read more

MEDIAWATCH

Inside Aleppo: 'Feels like prison'

Read more

THE WORLD THIS WEEK

The Legacy of Shimon Peres, The Battle of Aleppo (Part 1)

Read more

THE WORLD THIS WEEK

Trump-Clinton Debate, Colombia Peace Deal, Death of the BlackBerry (Part 2)

Read more

FRANCE IN FOCUS

Backstage at Paris Fashion Week

Read more

FASHION

Paris Fashion Week: Saint Laurent, Lanvin, present new designers

Read more

#THE 51%

Online and proud: Iranian women use social media in a campaign for equality

Read more

#TECH 24

Say hello to Pepper!

Read more

France

French unemployment rate nears 1997 record high

Text by News Wires

Latest update : 2013-03-26

The number of unemployed people in France rose to 3.187 million in February, the labour ministry announced Tuesday, nearly reaching a record high set in January 1997.

The number of unemployed in France rose by 18,400 in February to 3.187 million, the labour ministry said Tuesday, a level just shy of a record reached in 1997.

Unemployment in the eurozone's second largest economy hit its modern day record of 3.195 million in January 1997.

It is a major challenge for Socialist President Francois Hollande, who has pledged to curb the unemployment rate from the current level of more than 10 percent to a single-digit figure by December.

The rise in February represents a 0.6 percent month-on-month increase and a 10.8 percent rise annually. The ministry said workers over 50 were the worst hit.

(AFP)

 

Date created : 2013-03-26

  • FRANCE

    French joblessness climbs to highest rate since 1999

    Read more

  • EUROZONE

    Eurozone unemployment reaches record high

    Read more

  • FRANCE

    French unemployment level hits 15-year high

    Read more

COMMENT(S)