mishtalk.com / Mike “Mish” Shedlock / October 2, 2016
The unemployment rate in France surged in August (the latest report) to a 12-month high of 10.5%. French President Francois Hollande said he will not run for reelection unless the rate drops below 10%. Will he keep his word?
The Financial Times reports French Unemployment at 12-Month High.
France is bucking the trend among the major economies in the eurozone, with its closely-watched unemployment rate hitting a 12-month high in August.
Europe’s second largest economy is sticking out like un sore thumb, with almost every other country in the 28 member EU trimming or holding its jobless rate.
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