French Jobless Claims Decline for Third Month in Novemberby
France’s jobless claims declined for the third month in November, the longest streak since early 2008, in a recovery that comes too late to rescue the presidency of Francois Hollande.
The number of people actively looking for work fell 0.9 percent, or 31,800, last month to 3.45 million, the Labor Ministry said Monday. That compared with an estimate of 3.48 million, according to a Bloomberg survey of economists.
Joblessness will be one of the main topics of France’s presidential elections next year. The economy has shown signs of recovery, with business confidence reaching its highest in five years in recent weeks. Hollande, who made a decline in unemployment a condition for seeking a second term, announced Dec. 1 that he wouldn’t run for re-election, paving the way for his more popular prime minister, Manuel Valls, to enter the race.