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French jobless rate holds steady


French jobless rate holds steady


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.

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