French Jobless Claims Drop in November, Mainly Among Youths

  • The number of jobseekers drops after October's 1.2% increase
  • Economy may expand less than predicted in fourth quarter

The number of job-seekers in France dropped last month, offering relief to President Francois Hollande who may see the economic recovery dented by November’s terrorist attacks in Paris.

There was a drop of 15,000, or 0.4 percent, in people actively looking for work, taking the total to 3.575 million, the Labor Ministry said Thursday in an e-mailed statement. People under 25 saw the biggest reduction.

“The number of job-seekers is stabilizing,” Labor Minister Myriam El Khomri said in a statement.

Gross domestic product will probably expand by about 0.2 percent in the final quarter of 2015 instead of the 0.4 percent predicted in October, the statistical institute Insee said this week. In the past 12 months jobless claims rose by 2.5 percent, the ministry said.

Before it's here, it's on the Bloomberg Terminal.