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France – Unemployment reached a record high of 3.488 million people in November

Unemployment in France reached a record high of 3.488 million people in November, data released on Wednesday (24 December) shows. France

French unemployment is rising, but Spain and Greece fare worse (Photo: UNI La fédération de la droite dans l’éducation)

The figures mark an increase of 27,400 jobless compared to the previous month and an increase of 5.8 percent compared to the same period in the previous year.

President Francois Hollande, who was elected in 2012 with the promise to create new jobs, has seen his popularity rate shrink to a record low of 12 percent in November.

He subsequently said in an interview with TF1 that he would not stand for re-election in 2017 if he fails to reduce unemployment.

Chosen excerpts by Job Market Monitor. Read the whole story at EUobserver / French unemployment reaches new high.

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