Little Change in French Unemployment Numbers for January
February 24 2017 - 1:19PM
Dow Jones News
By Inti Landauro
PARIS--The number of French job seekers inched up in January
from December, showing the fragility of the recent decline in
unemployment.
The country counted 800 more Category A job seekers, people
registered as fully unemployed, in January than in December at
3,467,900, the Labor Ministry said. The number of unemployed was
2.5% lower than in January 2015, though the decline doesn't offset
prior years of rising unemployment.
The month-on-month rise in January underscores a mixed year in
France's job market, which sunk President Francois Hollande's hopes
of re-election in May. The Socialist leader, who pinned his
political future on a turnaround in the job market, announced in
December that he wouldn't run.
Even as Mr. Hollande stands aside, his Socialist Party remains
deeply unpopular and divided over the president's attempts to
tackle unemployment. Benoit Hamon, who had left the government in
2014 on disagreements over economic policy, last month defeated
former Prime Minister Manuel Valls in a primary election. During
the campaign for the primary, Mr. Hamon criticized the current
administration's labor policies.
Labor Minister Myriam El Khomri has repeatedly said the monthly
unemployed numbers are subject to monthly swings that shouldn't be
overanalyzed.
"Over the past three months, the trend is favorable," she
said.
-Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
February 24, 2017 13:04 ET (18:04 GMT)
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