Thu, 06 Sep 2012 12:51:34 GMT
French unemployment rate rose to a 13-year high
French jobless rate rose to a
thirteen-year high in the second quarter, as companies reduce staff in order to
cope with nation's worsening fundamentals. The unemployment rate rose to 10.2
per cent in the second quarter, up from 10 per cent in the preceding quarter, as
the Eurozone's second-largest economy has posted three consecutive quarters of
zero growth.