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France – Unemployment at record high

The jobless rate in France jumped to a fresh record high in April, in a blow to President FranceFrancois Hollande, who has pledged not to seek a second term in office if he fails to reverse the increase in unemployment.

The number of people out of work in eurozone’s second largest economy climbed 26,000 in April to total 3.53 million, official data published by the country’s labor ministry on Monday showed. The news comes as a blow to the French government, which was buoyed last month by better-than-expected quarterly growth figures.

France posted its fastest economic growth rate in two years in the first three months of 2015, with the economy expanding by 0.6 percent.

Chosen excerpts by Job Market Monitor. Read the whole story at French unemployment rising to record high | Business | DW.DE | 01.06.2015.

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