French Jobless Claims Resume Rise, Adding Pressure on HollandeMark Deen
French jobless claims resumed an increase that began more than four years ago, having registered one of its occasional interruptions in July.
The number of people actively looking for work in France rose by 20,000, or 0.6 percent, to 3.57 million in August, the Labor Ministry said on Thursday.
Jobless claims have risen in all but eight months since the beginning of 2011 and by more than 630,000 since President Francois Hollande took office in May 2012. With the French economy starting to grow for the first time during his term, the Socialist president is looking to the recovery to drive down unemployment in time to bolster his re-election chances in less than two years.