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France's unemployment rate down 0.1 percent in November to 8.7 percent

France's unemployment rate down 0.1 percent in November to 8.7 percent

France's jobless rate was down 0.1 percent in November to 8.7 percent, the lowest level in five years, according to data released Thursday by the Labor Ministry.
The ministry said there were 2.11 million jobseekers on the books at the end of November, down 17,400 compared to a month earlier. In October, the unemployment rate held stable at 8.8 percent, interrupting a steady downward trend.
Still, France's unemployment rate remains stubbornly above the euro-zone average that stood at 7.7 percent in October, a 5 1/2-year low.
France's national statistics institute predicted the jobless rate will fall to 8.6 percent by the end of this year and to 8.2 percent by mid-2007, with inflation-adjusted growth likely to remain at an annual rate above 2 percent. The institute projected growth rates of 0.5 percent in both the first and second quarters of 2007.


Updated : 2021-05-10 14:12 GMT+08:00