Unemployment in France

Unemployment in France

INSEE national statistics agency of France had declared French unemployment rate to a new high of 10.9 percent. The jobless rate has risen to 0.1 percentage points in the last three months from September.

The new statistics being released with add to the current pressure being faced by President Francois Hollande who had raised the issue of Unemployment during elections and had promised to lowering unemployment as his key priorities. Meanwhile, Hollande approval rating had been sliding downwards since he assumed his office.

Earlier Frederic Tallet, in charge of INSEE's employment data had said that the unemployment rate had been rising slowly from the beginning of year 2013 from being at an average of 60,000 more unemployed people every quarter from 2011 to 2012.

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