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Friday, December 27, 2013

French unemployment rises.

Unemployment claims of Class A registered job seekers in France rose 0.5% on month in November to 3.29M after surprisingly falling by 0.6% in October. On year, the figure climbed 5.6% in November. The figures provide further evidence that whatever French recovery appeared to be taking place has petered out. However, the government argued that when taking a longer-term view, unemployment growth has started to reverse in Q4.

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