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France

Unemployment in France rises to a new high

© AFP

Text by FRANCE 24

Latest update : 2014-06-26

Unemployment in France rose to a new high in May, according to official data released on Thursday, with 24,800 more people seeking jobs, bringing the total number of those without work to a record 3.388 million.

The number represented an overall 0.7 percent increase during the month of April, the country’s Labour Ministry reported.

The news doesn’t bode well for the government of President François Hollande, who pledged to stem rising unemployment in France during his 2012 election campaign. The promise, however, has proven difficult to keep.

“The unemployment numbers are bad, but at the same time they are not fatalistic,” Prime Minister Manuel Valls said.

He also stressed the importance of the government’s so-called “responsibility pact,” which seeks to shave 50 billion euros off the budget and stimulate job creation, in reversing the trend.

Meanwhile, Labour Minister François Rebsamen said in a statement that the “government’s continued efforts should help stem the increase [of unemployment] in the second half of 2014.”

(FRANCE 24 with AFP, REUTERS)

Date created : 2014-06-26

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