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BREAKING NEWS

French jobless rate holds steady

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French jobless rate holds steady

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Unemployment in France held steady in the second quarter, according to new figures from the national statistics office INSEE.

The jobless rate in mainland France was 7.2% of the working population between April and June – unchanged from the previous quarter.

The news was welcomed by French Economy Minister Christine Lagarde who called it a vindication of government reforms.

But economists pointed out that with French economic growth expected to slow the situation could deteriorate.