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World

French jobless rise unwelcome news for Hollande

Published November 17, 2016 Updated November 17, 2016 08:46am

imagePARIS: France's unemployment rate increased slightly in the third quarter in discouraging news for President Francois Hollande as he weighs a re-election bid, figures showed Thursday.

Joblessness was up 0.1 percentage points to 9.7 percent in the mainland. For all of France, including its overseas territories, the third quarter figure stood at 10 percent.

Hollande has staked his presidency on a vow to make a "credible" dent in joblessness.

When the Socialist took office in 2012, unemployment stood at 9.3 percent in mainland France and 9.7 percent overall.

The measure reached a peak in the third quarter last year, at just over 10 percent, then dropped to 9.6 percent in mid-2016, its lowest level since 2012.

Hollande had been buoyed by September's showing, the sharpest drop in unemployment for 20 years.

The national statistics office INSEE said Thursday that unemployment was down 0.4 percentage points compared with the same period last year, adding that there were 2.8 million unemployed in mainland France in the period from July to September.

Hollande, who has the lowest popularity ratings of any post-war French president, has not yet confirmed whether he will stand for re-election next year. He is expected to announce his decision by mid-December.

The unemployment figures are however to be taken with a degree of caution because there is a margin of error of 0.3 percentage points.

Labour Minister Myriam El Khomri said that over a year, there had been "a positive evolution" in the jobless figures.

Copyright AFP (Agence France-Presse), 2016

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