Unemployment goes up in France

By IANS,

Paris : As many as 41,300 people joined the ranks of the unemployed in France in July, a rise of 1.4 percent compared to June, reaching a record high in nearly 13 years, the French labour ministry said.

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“This continued increase in unemployment reinforces the government’s determination to act simultaneously on two fronts: in the short-term by taking the necessary emergency measures and in the long-term by making structural changes to boost reform and employment,” the ministry said.

Apart from stagnant growth and fragile public finances, French President Francois Hollande inherited a high unemployment rate hovering around 10 percent. He is struggling to honour his pre-election pledge of creating new jobs, reported Xinhua.