French unemployment rises to 9.7 pct

30th January 2004, Comments 0 comments

PARIS, Jan 30 (AFP) - The French unemployment rate rose to 9.7 percent of the workforce in December from 9.6 percent the previous month, seasonally adjusted figures released Friday by the Labor Minister showed.

PARIS, Jan 30 (AFP) - The French unemployment rate rose to 9.7 percent of the workforce in December from 9.6 percent the previous month, seasonally adjusted figures released Friday by the Labor Minister showed.

The jobless rate had stood at 9.3 percent in December 2002.

Labour Minister Francois Fillon told AFP in an interview that a pickup in employment usually lagged several quarters behind a pickup in the economy.

With the economic recovery slowy taking hold, he was upbeat about the employment outlook.

"I believe more than ever in a recovery, the pickup is coming, unemployment is going to fall in 2004," he said.

The ministry's data showed the number of registered unemployed who are "immediately available" for work rose 0.5 percent to reach 2,446,500 on a seasonally adjusted basis.

This category excludes those on the unemployment register who undertake part-time or temporary work for more than 78 hours per month. Including such registrants, the number of jobless rose 0.5 percent to 2,869,900 in December.

The ministry also issued figures for the number of unemployed based on International Labour Organisation definitions. These gave a seasonally adjusted total of 2,635,000 in December, up 0.4 percent from November. The unemployment rate series is calculated using these figures.

© AFP

                                Subject: France news

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