Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Nigeria: One Hundred Days and Counting (part 2)

Read more

DEBATE

Nigeria: One Hundred Days and Counting

Read more

FOCUS

Can Chancellor Merkel's winning streak last?

Read more

FOCUS

Hunger in a fertile land...

Read more

AFRICA NEWS

Central African Republic: Brazzaville peace talks suspended

Read more

ENCORE!

High-tech acting king Andy Serkis on Dawn of the Planet of the Apes

Read more

REPORTERS

Hong Kong in rebellion against the 'motherland'

Read more

TALKING EUROPE

Dalia Grybauskaite, President of the Republic of Lithuania

Read more

MIDDLE EAST MATTERS

Gaza: children caught up in the conflict

Read more

  • Live: Pro-Palestinian protest staged in Paris under tight security

    Read more

  • UN human rights chief blasts Israel-Gaza ‘war crimes’

    Read more

  • Bomb attacks leave scores dead in north Nigeria

    Read more

  • Gaza protests: ‘France imported the Mideast conflict a long time ago’

    Read more

  • Poland’s Rafal Majka wins 17th stage of Tour de France

    Read more

  • Remains of Flight MH17 victims arrive in the Netherlands

    Read more

  • Two Ukrainian fighter jets shot down over rebel-held territory

    Read more

  • TransAsia Airways Taiwan crash leaves dozens dead

    Read more

  • Video: Fear, death and mourning in Gaza’s Khan Younis

    Read more

  • Young riders raise French hopes for Tour de France

    Read more

  • Defying UK, France to proceed with warships sale to Russia

    Read more

  • US courts issue conflicting reports on Obamacare

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • Widodo wins Indonesian presidential election

    Read more

France

French unemployment rises above 3 million

© AFP

Text by News Wires

Latest update : 2013-09-05

French official data released on Thursday shows that unemployment rose above 3 million for the first time in the second quarter. Though the number of jobless has reached a new high, the unemployment rate only rose by 0.1 percentage point.

French unemployment rose for the first time above 3.0 million in the second quarter, but the unemployment rate rose by only 0.1 percentage point to 10.5 percent, official data showed on Thursday.

The headline total is bad news for the government on the opening day of the G20 summit in Saint-Petersburg, Russia, largely on the world economy, but there are signs that the upward trend may be easing.

The unemployment rate for young people fell from the first-quarter level while remaining high at 24.6 percent, the figures from the national statistics agency INSEE showed.

The data showed that the number of people without work rose above 3.0 million for the first time, but the labour minister said that he was pleased with the slowing trend.

In the first quarter, the rate had risen sharply by 0.3 percentage points.

The high level of young people without work is a particular concern for the left-wing government which is focusing on raising competitiveness and reducing unemployment.

The unemployment trend also has a direct impact on the outlook for growth since the extent to which people are concerned about jobs has a big effect on household spending, a vital driver of activity in France.

President Francois Hollande promised in July to reverse the rising trend of unemployment by the end of the year, saying that economic recovery was on the doorstep, but this was ridiculed by many economists at the time.

Since then, France has emerged from recession in the second quarter of the year and some indicators suggest that activity is picking up.

However, economists warn that the second-quarter rise of activity was driven mainly by bad weather and spending on energy.

Labour Minister Michel Sapin said that he was pleased that the rise of unemployment was "more moderate" than the increase in the previous quarter.

He said that the state of the labour market was "improving" and that the government’s policies for the economy and employment were working.

The figure concerned only unemployment in mainland France. When overseas territories were included, the unemployment rate rose by 0.1 percentage points to 10.9 percent.

The total number of unemployed on the mainland rose above 3.0 million, and by 0.7 percentage points over 12 months on the basis of a calculation using International Labour Organization standards.

The INSEE data for the mainland showed that unemployment among people aged 15-24, which had reached a record rate of 25.5 percent at the end of 2012, fell by 0.6 points in the first quarter and by 0.3 points in the second quarter to 24.6 percent.

(AFP)

Date created : 2013-09-05

  • FRANCE

    French minister predicts ‘full employment’ by 2025

    Read more

  • FRANCE - ECONOMY

    Middle-aged French job seeker confronts Hollande

    Read more

  • FRANCE

    Most French think Hollande will miss 2013 jobs target

    Read more

COMMENT(S)