Sharp rise in French unemployment rate
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. –