✂ Fed’s first rate cut since 2020: Use our free Stock Screener to find new opportunities fastExplore for FREE

French jobless total ticks higher to new record - Labour Ministry

Published 27/01/2015, 17:02
© Reuters. Job seekers visit the "Paris for Jobs" trade fair in Paris

PARIS (Reuters) - The number of unemployed people in France rose slightly higher in December to yet a new record high with few signs of improvement in the offing for the euro zone's second-biggest labour market.

The Labour Ministry said the number of people registered as jobless in mainland France rose by 8,100 last month to 3,496,400, up 0.2 percent from November and up 5.7 percent over one year.

Not only was there a record number of people unemployed, but they were spending a record amount of time jobless at 539 days on average in December.

Though the government expects growth to gradually pick up this year, the unemployment tally is set to keep rising in 2015 by upwards of 100,000, according to an estimate this month by the UNEDIC public-sector fund that manages jobless welfare benefits.

© Reuters. Job seekers visit the "Paris for Jobs" trade fair in Paris

President Francois Hollande has seen his popularity ratings drop to record lows as he failed to live up to promises to turn the job market around, though they have picked up following attacks this month by militant gunmen that killed 17 people.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.