Sharp rise in French un­em­ploy­ment rate

The Myanmar Times - - International Business -

FRENCH un­em­ploy­ment rose sharply in Au­gust, reach­ing its high­est level in years and deal­ing a se­ri­ous blow to Pres­i­dent Fran­cois Hol­lande ahead of next year’s pres­i­den­tial elec­tion.

The num­ber of un­em­ployed in main­land France grew by over 50,000, or 1.4 per­cent, to 3.56 mil­lion, ac­cord­ing to the labour min­istry’s lat­est fig­ures.

The rise was the big­gest in a sin­gle month since Jan­uary 2013 and fol­lows on a slight de­crease in July.

The gov­ern­ment said the ji­hadist at­tacks in Nice and Nor­mandy in July, which led to a sig­nif­i­cant fall in tourism, were partly to blame.

Labour Min­is­ter Myr­iam El Khomri said the new fig­ures were “sharply less favourable than those for pre­vi­ous months”.

She ex­plained that some sec­tors had been par­tic­u­larly badly hit by the re­cent ter­ror at­tacks.

The num­ber of un­em­ployed in all of France, in­clud­ing over­seas ter­ri­to­ries, now stands at 3.81 mil­lion, the labour min­istry said.

Over the past year the num­ber of un­em­ployed has fallen by only 10,900. In the sec­ond quar­ter the un­em­ploy­ment rate was 9.6pc. –

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