France

French unemployment hits new record high but rise slows

French President François Hollande
French President François Hollande Reuters/Francois Mori/Pool

Unemployment in France hit a new record high in September, although President François Hollande was anxious to point out that the rate of increase has slowed down.

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Figures released by the labour ministry on Thursday showed that another 60,000 people officially registered as unemployed last month, increasing the total by 1.9 per cent, to

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3,295,700.

But the real rise was not that high because a computer glitch in August that slashed thousands off the figures, even though they remained without jobs.

Averaging out the number of job seekers since July, the increase was 5,000 a month, a much lower rate than the 30,000 a month in the first quarter, Labour Minister Michel Sapin said in a statement.

Speaking on the sidelines of an EU summit in Brussels, Hollande said there was an "obvious slowing-down" in the rise of joblessness but admitted that the upward trend has yet to be reversed.

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