French unemployment fell to 11-year low in fourth-quarter
Added 02-13-20 03:04:02am EST - “French unemployment fell unexpectedly at the end of last year to an 11-year low, official data showed on Thursday, offering President Emmanuel Macron a boost on the economic front. The unemployment rate fell to 8.1% in the final three…” - News.yahoo.com
CLICK TO SHARE
PARIS (Reuters) - French unemployment fell unexpectedly at the end of last year to an 11-year low, official data showed on Thursday, offering President Emmanuel Macron a boost on the economic front.
The unemployment rate fell to 8.1% in the final three months of last year from 8.5% in the third quarter, which was revised down from an initial reading of 8.6%, the INSEE statistics agency said.
The result brought the jobless rate to its lowest level since the fourth quarter of 2008. It far exceeded expectations for a rate of 8.5% on average in a Reuters poll of 11 economists, with none expecting anything lower than 8.4%.
The big drop will be a welcome development for Macron after he faced weeks of strikes over an overhaul of the pension system that was fiercely resisted by trade unions.
The fall in unemployment comes even though the economy contracted slightly in the final quarter, which economists mainly put down to the strikes hitting manufacturers' supply chains.
If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.
CLICK TO SHARE
COMMENTS VIA TWITTER
@AysumNivek Because Durantula had an injury..Bron was out on injury last year..that made u put kawhi in goat talk..… https://t.co/dBMl5xw70X
A lot is decided in the 4th Quarter. What the corporate solvency will look like; who will win the game. October-D… https://t.co/G6OuQVY2Q1
$DAVA [15s. delayed, acc.~90%, always check] Earnings Release September 15, 07:10:00: Q4: GAAP EPS of -$0.11, Reven… https://t.co/IPTsxDTigM
@JakeRubin @PrideOfDetroit I think he's actually blown 11 fourth quarter leads. Don't blame him, he should have nev… https://t.co/v3mZmSKJv6
@rayray1222 @PrideOfDetroit And it was 24-6 at Arizona in last year’s opener. The game ended - miraculously - in a… https://t.co/dWTK020GKo