Skip to comments.French jobless rate tops 3 million for first time
Posted on 09/05/2013 1:49:25 PM PDT by Olog-hai
French unemployment rose for the first time above 3.0 million in the second quarter, but in a sign the upward trend is tailing off, the unemployment rate rose by only 0.1 percentage point to 10.5 percent, official data showed on Thursday.
The high level of young people without work (24.6%) is a particular concern for the left-wing government, which is focusing on raising competitiveness and reducing unemployment.
President François Hollande promised in July to reverse the rising trend of unemployment by the end of the year, saying that economic recovery was on the doorstep, but this was ridiculed by many economists at the time.
(Excerpt) Read more at thelocal.fr ...
Hasn’t their Socialist president not learned from ours that you can dump millions out of the workforce to up the percentage working.? If only one person in the USA had a job, everyone else would be counted as dropping out of the workforce and Obama would crow about 0% unemployment.
That’s why odumbo was friendly with the frog prez at the G20. Socialists drool over each other.
Two things at which left-wing governments are universally known to excel.
Put them all in a new French Foreign Legion and send them to fight for their old territory....Syria!
“President François Hollande promised in July to reverse the rising trend of unemployment by the end of the year, saying that economic recovery was on the doorstep....”
Old news. His Arrogance and his MSM lackeys have been saying the same thing for 5 years. His Arrogance should sue his fellow communist for copyright infringement.