The unemployment rate in July, the country was 10.2% and 9.7%, not including overseas territories, which is slightly higher than analysts had forecast. They expected rise in unemployment to 9.8%.
Over 3 consecutive quarters of growth in the French economy can not demonstrate. This is due to the fact that the neighboring countries of France - Spain and Italy are now in recession. Applications for unemployment benefits totaled 3 million. The last time this level was in August 1999.
In the future a difficult situation on the labor market and the economy may get worse because the state needs to save money to fulfill its promise to reduce the deficit to 3% of GDP. France will have to either raise taxes or cut spending by 33 billion euros. In any case, the growth of the economy to suffer.
In the last 3 - 4 years of higher unemployment is typical for most European countries. For example, the unemployment rate in Spain has reached 25% of the population, with more than 50% of young people do not have the capacity to earn. In Greece, most acute debt crisis experienced in the second quarter, the unemployment rate was 24.4%.