French official data released on Thursday shows that unemployment rose above 3 million for the first time in the second quarter. Though the number of jobless has reached a new high, the unemployment rate only rose by 0.1 percentage point.
French unemployment rose for the first time above 3.0 million in the second quarter, but the unemployment rate rose by only 0.1 percentage point to 10.5 percent, official data showed on Thursday.
The headline total is bad news for the government on the opening day of the G20 summit in Saint-Petersburg, Russia, largely on the world economy, but there are signs that the upward trend may be easing.
The unemployment rate for young people fell from the first-quarter level while remaining high at 24.6 percent, the figures from the national statistics agency INSEE showed.
The data showed that the number of people without work rose above 3.0 million for the first time, but the labour minister said that he was pleased with the slowing trend.
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via French unemployment rises above 3 million – FRANCE – FRANCE 24.
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