One in ten French to be jobless by end of year

One in ten French to be jobless by end of year
Photo: Flickr user Eflon
Unemployment in mainland France will reach 10.0% in the third quarter of 2012, the first time since 1999, and end the year at 10.2%, an official forecast said on Thursday.

According to the INSEE statistics institute, which uses norms set by the International Labour Organization, unemployment in France hit 9.7% in the second quarter of this year.

The poor numbers are in line with data issued by France's official jobs office which put the ranks of the unemployed in France above 3 million people in August.

If the jobless rate includes France's overseas territories, the unemployment forecast rises to 10.4% for the third quarter and 10.6% at end of year, INSEE said.


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