French unemployment at record high

French unemployment at record high

French unemployment at record high

Written by News 1st

28 Jan, 2014 | 7:59 am

French unemployment has hit a record high with more than 3.3 million people now registered as out of work.

In December, 10,200 more people were listed as jobless, breaking President Francois Hollande’s promise joblessness would fall by the year end.

The French unemployment rate is now 11.1%. It went up by 5.7% in 2013, and rose 0.3% in December.

In Ankara, Turkey, Mr Hollande said ahead of the release: “Stabilisation, which we have achieved, is not enough.”

Mr Hollande, whose popularity is languishing at record lows, had made reversing the trend in unemployment one of his top priorities last year.

-BBC-

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