Related News

Home » Business » Economy

France jobless rate hits 8.7% in Q1

UNEMPLOYMENT in France rose sharply in the first quarter, reaching 8.7 percent of the economically-active population as the euro zone's second-largest economy suffers through its longest recession since the 1940s.

Figures from national statistics agency INSEE released yesterday indicated that the jobless rate in France jumped 1.1 percentage points from a revised 7.6 percent unemployment rate in the fourth quarter of 2008.

Finance Minister Christine Lagarde described the rise as "brutal" and blamed France's worsening economy, which contracted by 1.2 percent during the first quarter.

"It's obviously a bad figure, we know that, it's a worsening of the employment situation due simply to the worsening economic conditions over the last six months," Lagarde said on French radio station Europe-1.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend