Rising unemployment in France

Posted on Updated on

 

12910582_10153997599514350_1407547811_n-2

39,000, new job seekers

A cold shower! The number of registered job seekers in France rebounded in February to reach a record, casting doubt over the strength of the economic recovery.

However, for the experts this increase is logical and expected. The decline in January had indeed been distorted by the unusually high growth and it was difficult to interpret.

President Hollande’s recent attempts to bring down unemployment have made him increasingly unpopular. Since the beginning of François Hollande’s term, the number of unemployed is…723,300!

12596322_10153997748249350_1339435971_n

Earlier this month, national statistics agency INSEE issued a bullish economic outlook for the first half of this year. Economic growth will reach its fastest year-over-year rate for five years by June and unemployment will edge down to 10.2%, the agency said.

Julio Montané, IEJ 1bis

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s