Arab Today, arab today crisishit france strikes new record unemployment high
Last Updated : GMT 22:52:21
Arab Today, arab today
Arab Today, arab today

Crisis-hit France strikes new record unemployment high

Arab Today, arab today

Arab Today, arab today Crisis-hit France strikes new record unemployment high

French Pole Emploi employment agency
Paris - AFP

Unemployment in France hit a new record in October, with official statistics published Thursday showing 3.46 million people claiming jobless benefits.
The figures showed a rise of 28,400 people on the jobless queue compared to the previous month and came as President Francois Hollande marks the midway point in his troubled mandate.
The unemployment numbers were up 0.8 percent compared to September and 5.5 percent in comparison to the previous year.
"This is the biggest monthly rise since last February," said Bruno Ducoudre, an economist at the French Economic Observatory (OFCE) think-tank.
"Weak growth continues to weigh" on the unemployment figures, said Ducoudre, warning that French companies had 230,000 staff too many.
In a mid-term interview earlier this month, Hollande said he would not stand again for the French presidency in 2017 if he had not managed to live up to his promise to bring down unemployment by then.
France's economy is barely growing, showing a gain of 0.3 percent in the third quarter. The government is Paris has forecast 0.4 percent growth for the full year.
Many economists believe an average of 1.5 percent growth is needed to reduce unemployment.
Even France's own economy minister Emmanuel Macron has admitted that the economy is "sick".
"The rise in unemployment, pretty well constant since June 2008, is a sign that our economy is highly dysfunctional," said the Medef business association in a statement.
The government has introduced a much-vaunted but highly disputed "Responsibility Pact", which will cut social charges for businesses by 40 billion euros ($51 billion) in exchange for them creating 500,000 jobs by 2017.
Given the parlous state of France's budget deficit, which is expected to remain above European Union limits until 2017, Hollande plans to finance the tax breaks with 50 billion euros in public spending cuts.
This has proved highly unpopular on the left flank of Hollande's ruling Socialist Party, which sees it as a gift to business.

 

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 crisishit france strikes new record unemployment high Arab Today, arab today crisishit france strikes new record unemployment high

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
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