French Jobless Count Rises in October
November 24 2017 - 12:47PM
Dow Jones News
By William Horobin
PARIS--The number of registered job seekers in France rose
slightly in October, statistics showed Friday, the latest
indication the job market is lagging a broad economic recovery.
The number of category A job seekers--people registered as fully
unemployed--rose 0.2% in October from September to 3,483,600, the
labor ministry said.
France's job market is proving hesitant in an otherwise strong
economic recovery in France. Gross domestic product is set to grow
in 2017 at nearly double the pace recorded in the previous three
years and business confidence is at its highest level in a
decade.
But the monthly count of job seekers has been volatile in recent
months. France's unemployment rate--a separate measure of the
health of the job market--rose in the third quarter to 9.7% from
9.5% in the second.
Friday's count showed stronger increases in joblessness among
the oldest and youngest workers. The number of category A job
seekers rose 0.4% among under-25s and 0.5% among over-50s, the
labor ministry said.
Write to William Horobin at william.horobin@wsj.com
(END) Dow Jones Newswires
November 24, 2017 12:32 ET (17:32 GMT)
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