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French Unemployment Jumps Above 8% for First Time in Five Years
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French Unemployment Jumps Above 8% for First Time in Five Years

Bloomberg.com·William Horobin·6 months ago
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#markets#unemployment#eurospot#iran#war
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French unemployment unexpectedly rose to the highest level in five years, adding to signs the euro area’s second largest economy was already on a weak footing when the Iran war began.

With joblessness increasing across all age categories, the rate reached 8.1% in the first quarter, data from national statistics agency Insee showed. Economists surveyed by Bloomberg had forecast a slight decline to 7.8% from 7.9% at the end of last year.