Unemployment in France at 12 Year High

https://encrypted-tbn0.google.com/images?q=tbn:ANd9GcSMYUrPrAMsz6NWi5MRYuOA1ffuBYaUd-dkreMsHJZ7jCewkbq_VwThe unemployment in France increased to a 12-year high in November 2011 amid economic slowdown, data from labor ministry revealed Monday. The number of unemployed people in France by 29,900, or 1.1 percent, to 2.85 million in November 2011. From the prior year 2010, the unemployment increased 5.2 percent. The jobless total reached the highest level since November 1999. The statistical office Insee expects the economy to slip into a mild recession in the fourth quarter of 2011 and the first quarter of next year 2012. A survey from the Bank of France showed that the economy will stagnate in the fourth quarter of 2011. With French presidential elections coming up in 2012, the French govt is likely to take additional steps to support the unemployed youth in France

Share this:

Leave a Reply

Your email address will not be published. Required fields are marked *