Friday, November 27, 2015

French Unemployment Rebounds To Record High


By William Horobin, Nov 26, 2015 Marketwatch

PARIS--The number of registered job seekers in France jumped in October, reversing declines in September to set a new record high, figures showed Thursday.

The number of category A job seekers--defined as registered job seekers who are fully unemployed--rose by 42,000 in October from September to reach 3,589,800. That marked increases of 1.2% on the month and 3.7% on the year.

The rebound in the number of unemployed people casts doubt over the strength of the economic recovery in the eurozone's second-largest economy.

 
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