15667
3.5m French Looking for Work
World Economy

3.5m French Looking for Work

The number of unemployed in France hit a new record in March at 3.51 million people, up 0.4 percent from February, with young people especially hard hit, the Labor ministry said.
The news comes as the third anniversary of President Francois Hollande’s election approaches. He has pledged not to seek re-election in 2017 if he does not succeed in reversing the trend of ever-increasing unemployment, AFP reported.
Labor Minister Francois Rebsamen in a statement chose to focus on the first quarter figure which he said showed the smallest increase over three months in jobless workers since early 2011. He said it was a sign that the government’s measures “are beginning to bear fruit.”
While the INSEE, national statistics office, has forecast more positive economic growth for France this year, it says it will be insufficient to drive down the country’s stubbornly high unemployment. The jobless rate was forecast to hit a 20-year record high of 10.2 percent in mainland France.
Meanwhile, French consumer confidence rose for the third consecutive month in April to reach the highest level in over five years, statistics showed Tuesday.
Consumer confidence in the eurozone’s second-largest economy rose one point to 94 in April from March, the highest level since January 2010, INSEE said.
French consumers” assessment of their own personal finances and their ability to make large purchases improved in April. Still, concerns about rising unemployment rose in Insee’s survey and inflation expectations rose.

 

Short URL : http://goo.gl/y8eeBu

You can also read ...

Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...

Trending

Googleplus