French unemployment claims continue to rise, hitting a new record in June, up 11.2 percent from the same month last year.
The Labour Ministry did try to accentuate the positive by pointing out that the figures for May and June indicate a slowdown from the first four months of the year.
The latest worsening of the job market, brought the total number of French people out of work to almost 3.28 million
That is up 0.5 percent from May, or nearly 15,000 new jobseekers.
The numbers are a fresh blow to President Francois Hollande’s pledge to reverse the rising unemployment trend by the end of the year.
There was some good news about the number of under 25 year olds registered as out of work.
The total fell by 0.3 percent from May, but they are still the hardest hit by the jobs crisis with almost 556,000 young people unemployed in France. The number of jobseekers older than 50 increased by 0.9 percent.
The Labour Ministry data is the most frequently reported jobs indicator in France, though it is not prepared according to ILO standards nor expressed as a percentage of job seekers.
Copyright © 2014 euronewsMore about:
- 1Faltering Russian economy to take further hits from surprise interest rate rise
- 2New chapter in the Espirito Santo saga as ex-boss is arrested
- 3Spain sees big fall in unemployment
- 4General Motors profit hit by recalls, faulty ignition switch compensation fund
- 5Amazon’s losses push shares lower, new smartphone gets ‘mehh’ reaction
- 1More sanctions against Russia, massive job cuts at Microsoft and ‘cheap’ warplane
- 2Can Malaysia Airlines survive this latest tragedy?
- 3The effects of the Bretton Woods Agreement 70 years on
- 4Major economic hit expected for Israel from Gaza conflict
- 5Farnborough: Textron Scorpion budget military jet aimed at cash-strapped governments
Wires > Business
- 21:18 CET India threatens to derail WTO deal, prompts angry U.S. rebuke
- 21:16 CET Dell, BlackBerry downplay threat from Apple-IBM alliance
- 21:13 CET Stocks and euro hit by German data, U.S. results
- 20:44 CET India threatens to derail WTO deal, prompts angry US rebuke
- 20:22 CET Destination Maternity gives up chase for UK’s Mothercare
- 20:05 CET AbbVie profit beats estimates on surging Humira sales
- 19:41 CET UK’s fraud office settles Vincent Tchenguiz claims
- 19:23 CET Destination Maternity gives up chase for UK’s Mothercare