Hollande Jobs Pledge Undermined by Weak French Recovery: Economy
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The French economy grew less than initially reported in the third quarter, signaling a recovery that may be too weak to help President Francois Hollande’s government reduce unemployment that’s at a 15-year high.
Gross domestic product rose 0.1 percent, half the pace estimated on Nov. 15, statistics institute Insee in Paris said today. Data late yesterday showed jobless claims rose for a 19th straight month in November to 3.13 million, the highest since January 1998.