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French Unemployment Rate Drops for First Time in More Than Year

France’s unemployment rate dropped for the first time in more than a year as the economy began to revive with the help of low oil prices and monetary stimulus.

The unemployment rate fell to 10.3 percent in the first quarter from 10.4 percent in the previous three months, national statistics office Insee said today in an e-mailed statement. Excluding France’s overseas territories, the rate fell to 10 percent from 10.1 percent.