PARIS: French unemployment topped three million for the first time in over a decade, data showed yesterday, as the country faces a yawning budget gap like those plaguing its southern eurozone neighbours.
The number of jobless in mainland France swelled to 3.011 million in August, 23,900 more than in July, Labour Ministry figures showed, the first time since 1999 that the figure has breached the three million mark. Some 4.494 million people, including some who are partially employed, have registered themselves as actively looking for work on the French mainland. This is 40,800 more than in July and a record since the ministry began collecting comparable data in 1991.
“These three million unemployed embody the failure of economic and social policies undertaken during the last few years,” the ministry said in a statement. “In the face of this difficult report, the government is determined to implement as soon as possible” reforms, it said.
With the number of people out of work already reaching 2.99 million in July, the French government had expected a further rise in August, with Labour Minister Michel Sapin saying in early September that the symbolic figure of three million had been breached.
French President Francois Hollande earlier this month pledged to reverse the trend in a year’s time, a target that Sapin said Tuesday was “reachable”. However, an economist at the French Economic Observatory, Eric Heyer, believes that annual growth of 1 percent is necessary to stabilise the rate of unemployment and that 1.5 to 2 percent in growth is needed to reduce the number of people out of a job.
AFP
