3.26 Million Unemployed Record in April: France

Local Editor

The number of unemployed people reached a record high of 3.26 million in April, the French Labor Ministry said.
The ministry noted on Thursday that the number of registered jobseekers in the eurozone's second-largest economy increased by 39,800 last month, marking the 24th consecutive monthly rise.
The increase is equivalent to 1,326 new jobseekers per day and represented a 12.5 percent rise over a year ago.

In January 1997, 3.195 million people were unemployed, which was the previous jobless record in the country.

The figures are considered as a major challenge for Socialist President Francois Hollande, who has pledged to curb the unemployment rate from the current level of more than 10 percent to a single-digit figure by December this year.
Europe plunged into a financial crisis in early 2008. The worsening debt crisis has forced the EU governments to adopt harsh austerity measures and tough economic reforms.

Source: News Agencies, edited by website team