French jobless rate soars highest since 1999

French jobless rate soars highest since 1999
April 26, 2012 - 21:38 AMT

PanARMENIAN.Net - The number of jobless people in France rose for the eleventh-month running in March to hit the highest level since September 1999, Reuters reported.

The labor ministry data released on Thursday, April 26 showed the number of registered jobseekers in mainland France rose by 16,600 in March to 2.88 million, up 0.6 percent on the month and 7.2 percent on the year.

The increase was the latest reminder of how weak the labor market remains in the euro zone's second-biggest economy ahead of a May 6 presidential election.

The monthly labor ministry data is the most frequently reported domestic jobs indicator for France, although it is not prepared according to widely used International Labour Organisation (ILO) standards nor expressed as an unemployment rate of number of job seekers compared to the total work force.

Partner news
 Top stories
UN compound attacked in Somali capitalUN compound attacked in Somali capital
The bomber set off his explosives outside the gate of the United Nations Development Program base before attackers ran inside.
Afghan President suspends talks on security pact with U.S.Afghan President suspends talks on security pact with U.S.
Hamid Karzai accused Washington of mixed messages regarding peace talks with the Taliban, his spokesman said.
Russia reportedly starts military hardware deliveries to AzerbaijanRussia reportedly starts military hardware deliveries to Azerbaijan
The deal is estimated at $700mln-$1bln, Vedomosti newspaper reported citing sources in the Russian defense industry.
Outgoing Iranian President summoned to criminal courtOutgoing Iranian President summoned to criminal court
Ahmadinejad will be replaced by Hassan Rowhani as president on August 3 following presidential elections last week.
Partner news
 Articles
Switzerland being filled with wealthy citizens of Kazakh origin

One of the most prominent Kazakh citizens, who found refuge on the shores of Lake Geneva - Victor Khrapunov and his family.

 Most popular in the section
Hong Kong rights advocates rally in support of NSA leaker Snowden
Russian military inspectors to start monitoring flights over U.S.
Russia, U.S. sign deal for Mi-17 helicopters delivery to Afghan army
Egypt cuts ties with Syria, shuts embassy
Home
All news
Overview: World
Archive for April 26, 2012
Other news in this section
 Latest news
Parliament approves amendments to law on minimum wage rate Besides, new scale of salaries will be introduced, according to which the minimum wage rate will be doubled by 2017.
FBI head admits use of drones for surveillance in U.S. The use of such drones is politically charged and civil-rights advocates say there are no clear privacy rules governing their use.
Bombs flatten police station in Libya’s Benghazi Last month the station was set on fire in a possible act of revenge for the killing of a man in an attack on police nearby.
New safety requirements for Japan atomic plants formally approved The new requirements approved by nuclear watchdog will take effect on July 8, when operators will be able to apply for inspections.