French unemployment spikes above three million for first time: gov't data
AFPPARIS -- French unemployment rose for the first time above 3 million in the second quarter, but the unemployment rate rose by only 0.1 percentage point to 10.5 percent, official data showed on Thursday.
September 6, 2013, 12:38 am TWN
The headline total is bad news for the government on the opening day of the G-20 summit in St. Petersburg, Russia, largely on the world economy, but there are signs that the upward trend may be easing.
The unemployment rate for young people fell from the first-quarter level while remaining high at 24.6 percent, the figures from the national statistics agency INSEE showed.
The data showed that the number of people without work rose above 3 million for the first time, but the labor minister said that he was pleased with the slowing trend.
In the first quarter, the rate had risen sharply by 0.3 percentage points.
The high level of young people without work is a particular concern for the left-wing government which is focusing on raising competitiveness and reducing unemployment.