Arab Today, arab today french unemployment rate hits 14year high
Last Updated : GMT 22:03:31
Arab Today, arab today
Arab Today, arab today

French unemployment rate hits 14-year high

Arab Today, arab today

Arab Today, arab today French unemployment rate hits 14-year high

Paris - AFP

French unemployment rose to 10.6 percent in the fourth quarter of 2012, the highest in almost 14 years, according to official data released on Thursday. The jobless rate in the eurozone's second-largest economy increased by 0.4 percentage points from 10.2 percent in third quarter of last year, the national statistics institute Insee said. It now stands at the highest level since the second quarter of 1999, when overall French unemployment hit 10.7 percent of the workforce. When calculated according to International Labour Organisation standards, Insee said that 2.9 million people were currently without work in France. French President Francois Hollande has cited cutting unemployment, which has now risen for six consecutive quarters, as one of his main objectives, a goal he reiterated on Monday while acknowledging that it would be "difficult." Insee records dating back to 1996 show an all-time high of 11.2 percent, in the first, second and third quarters of 1997. A breakdown of the fourth quarter 2012 data showed that youths between the ages of 15 and 24 were especially hard hit late last year, with a jump of 1.6 percentage points on the quarter to a new record of 25.7 percent. The comparable rate for seniors between the ages of 55 and 64 rose to 7.2 percent, Insee said, while adding that they remained the largest segment of the workforce at 45.8 percent owing to a trend towards longer careers that stemmed from pension reforms. Insee has also calculated that the French economy produced no growth last year, and said that unemployment would probably not improve in the near term, estimating that the overall rate would increase further to 10.9 percent in the second quarter of this year. For mainland France, excluding overseas departments and territories, the figure was forecast to reach 10.5 percent, near that category's all-time record of 10.8 percent reached in 1994 and 1997.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french unemployment rate hits 14year high Arab Today, arab today french unemployment rate hits 14year high

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday