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Unemployment in France
hits 14-year high

Telegraph [UK], by Rebecca Clancy

Original Article

Posted By:Attercliffe, 3/7/2013 6:41:50 AM

The jobless rate in the eurozone´s second-largest economy increased hit 10.6pc in the final quarter of last year, up from 10.2pc in third quarter, the national statistics institute Insee said. French unemployment has been climbing steadily since the end of 2011 and is now at its highest since 1999. Concerns about high debt amid a slowing global economy have driven up unemployment rates across Europe. While France has avoided the worst of the crisis so far, its high and rising unemployment rate indicates its economy is also in trouble. At the start of the year car maker Renault

Comments:
According to the Bureau of Labor Statistics, US unemployment was 7.9% at the end of January 2013.

  

Post Reply  

Reply 1 - Posted by: dadofboys, 3/7/2013 6:51:25 AM     (No. 9212517)

And this is with a 30 hour work-week juicing the numbers. Imagine if they worked "full time"?


Reply 2 - Posted by: sinic, 3/7/2013 6:54:26 AM     (No. 9212520)

Think it´s got anything to do with that "tilt" to the left in the last election? Naaahh, THAT couldn´t have anything to do with it!


   

 

  


 
Reply 3 - Posted by: bpl40, 3/7/2013 7:26:52 AM     (No. 9212572)

But raising tax rates is supposed to improve the economy, create new jobs and reduce unemployment etc. etc. Just look at Kalifornia!


Reply 4 - Posted by: stablemoney, 3/7/2013 8:08:53 AM     (No. 9212642)

The socialists will want to increase taxes to 90%, decrease the work week to 20 hours, increase government spending by 100%, declare 10.6% the new normal, and a good thing as the French will have more time to spend with their families.


Reply 5 - Posted by: Pearson365, 3/7/2013 8:19:05 AM     (No. 9212666)

Mon dieu! The French have nothing on Le Obama. Our U-6 unemployment rate is 14.4%. Monsieur Obama is focused like zee laser. On what, no one is quite sure.


What is U6 unemployment rate ?
The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over


Reply 6 - Posted by: suziesuburbanite, 3/7/2013 9:28:00 AM     (No. 9212811)

This is what happens when you try to solve the problem of socialism by electing a socialist.


Reply 7 - Posted by: Ida Lou Pino, 3/7/2013 9:54:03 AM     (No. 9212865)

Only one solution - - more socialism.

Much more socialism.

Socialism today - - socialism tomorrow - - socialism forever!


   

 

  


 
Reply 8 - Posted by: Heraclitus, 3/7/2013 10:04:55 AM     (No. 9212889)

Quelle idee! mon dieu! mais, non!!! terribile!

Mais... donnez-moi plus plus plus!!!!!!


Reply 9 - Posted by: kate318, 3/7/2013 10:40:39 AM     (No. 9212948)

#8, bien fait!


Reply 10 - Posted by: Videodrone, 3/7/2013 1:41:16 PM     (No. 9213304)

I´m one of 20 some folks who cover "The Americas" for a very French company - my one constant challenge is dealing with "the factory"

years ago when they lowered the work week to 32 hours I was prepping for the major broadcast show in Amsterdam, when told I could not take an American crew but had to use the French team my response was "great, now what do I do for days 2 & 3 of setup?"



Post Reply   Close thread 726238




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