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French unemployment rises again


economy

French unemployment rises again

French unemployment rose in the second quarter of the year, but the jobless rate was up only slightly – by 0.1 percent – taking it to 10.5 percent of the workforce. That is its highest level since late 1997.

Using International Labour Office standard calculations, the total number of people out of work in France was just shy of three million.

Using the figures compiled by France’s national statistics agency, INSEE total was above three million for the first time.

The French Ministry of Labour chose to look on the bright side saying unemployment is slowing.

The jobless rate for young people eased from the first-quarter level but remains high at 24.6 percent.

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