
The French government announced Thursday that unemployment resumed its dogged ascent in August following a slight -- and rare -- dip in July, as the country struggles to escape years of economic sluggishness.
According to the labour ministry, the number of registered job seekers without any employment activity increased in August by 20,000 people -- or 0.6 percent -- compared to July, when their ranks decreased by 0.1 percent.
That rise brought the total number of partial or fully unemployed to 3.57 million people.
With the jobless rate currently at 10 percent in the eurozone's second-largest economy, President Francois Hollande has staked his political future on reducing unemployment, saying he will not stand for re-election in 2017 unless he reverses a trend that has generally been on the rise for the better part of a decade.
Hollande has acknowledged that reducing unemployment will be difficult against growth forecasts set at just one percent this year and 1.5 percent in 2016.
Most economists view annual expansion of 1.5 percent as the minimum required to reduce joblessness.
Since Hollande took office in 2012 amid the eurozone's enduring debt crisis and economic lethargy, a total of around 650,000 people have registered as unemployed in France.
The August figures brought the number of people without any work up to a total 4.4 percent increase for the past year.
The total number of the long-term unemployed, meanwhile, rose by 0.8 percent to 2.4 million people last month, part of a whopping 18.6 percent rise in that category over the past year.
GMT 15:13 2018 Saturday ,20 January
US 'erred' in supporting WTO membership for China, RussiaGMT 17:22 2018 Thursday ,18 January
US industrial output in 2017 posts biggest gain since 2010GMT 17:12 2018 Thursday ,18 January
No more bonuses for Carillion bosses after UK collapseGMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklistGMT 17:16 2018 Wednesday ,17 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 17:11 2018 Wednesday ,17 January
Pressure rises on British govt over Carillion collapseGMT 17:52 2018 Monday ,15 January
Iran jetliner deal could take longer to complete, Airbus saysGMT 17:44 2018 Monday ,15 January
EU to remove Panama, Korea, UAE, 5 others from tax haven blacklist
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor