French unemployment rate hits new high in June

French unemployment rate hits new high in June

PanARMENIAN.Net - The number of people without a job in France rose in June to a new record, Euronews reports.

The Labor Ministry said the unemployment total in mainland France rose by 9,400 to 3,398,300.

That is a 4.0 percent increase on June last year and up 0.3 percent from May, viewed as another blow to Socialist President Francois Hollande, whose popularity has plummeted as he has failed to come good on promises to get more people into work.

Hollande is hoping plans to phase out 30 billion euros of payroll taxes will get companies investing and hiring.

The Labor Ministry said the number of job offers received by the state employment agency had risen 5.4 percent in June from May.

 Top stories
Azerbaijan’s aggression against Nagorno Karabakh failed to strike a blow to Armenia’s economy, the Minister of Economy said.
Total underground mineral resources comprised 4.3 million tons of ore, averaging 4.2 grams per ton for 0.6 mln ounces of gold equivalent.
For those with a monthly consumption of 10 thousand cubic meters or more, the current price of $276.98 would be reduced to $257.56.
Azerbaijan is highly dependent on oil revenues and its preliminary 2016 budget indicates reductions in military spending, the report says.
Partner news