Economics
French Unemployment Rises to Near Record in Hollande Setback
- Hollande says job creation is requirement for re-election
- More than 3.6 million people are looking for work in France
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French unemployment rose to near a record high in the third quarter, the latest sign that President Francois Hollande is struggling to meet a pledge to create jobs.
Unemployment climbed to 10.6 percent in the three months through September from 10.4 percent the previous quarter, national statistics office Insee said in an e-mailed statement. That’s in contrast to Germany, where the jobless rate fell to a record-low 6.3 percent in November.