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!
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