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Unemployment goes up in France

Published: 28th August 2012 02:04 PM  |   Last Updated: 28th August 2012 02:04 PM   |  A+A-

By IANS

As many as 41,300 people joined the ranks of the unemployed in France in July, a rise of 1.4 percent compared to June, reaching a record high in nearly 13 years, the French labour ministry said.

"This continued increase in unemployment reinforces the government's determination to act simultaneously on two fronts: in the short-term by taking the necessary emergency measures and in the long-term by making structural changes to boost reform and employment," the ministry said.

Apart from stagnant growth and fragile public finances, French President Francois Hollande inherited a high unemployment rate hovering around 10 percent. He is struggling to honour his pre-election pledge of creating new jobs, reported Xinhua.

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