World Bulletin / News Desk
WThe number of jobseekers in France rose for the 14th month in a row in June to hit its highest level in nearly 13 years, adding pressure on the new Socialist government, which has made fighting unemployment a top priority.
Labour ministry data released on Wednesday showed the number of registered jobseekers in mainland France rose by 23,700 last month to 2.946 million.
The jobless total was the highest since August 1999 and marked an increase of 0.8 percent over one month and 7.8 percent over one year.
"In the face of this situation, the government is fully mobilised," the labour ministry said in a statement.
President Francois Hollande rode to power in a presidential election in May vowing to tackle surging unemployment, but is struggling to halt waves of layoffs with the economy under threat of slipping into recession.
His government is battling to reduce the impact of 8,000 job cuts by French carmaker PSA Peugeot Citroen, presenting on Wednesday a modest aid plan for the flagging automobile industry.
Hollande pledged during the election campaign to create 80,000 subsidised jobs and hire 60,000 people in the education sector as well as create a so-called "generation contract" to encourage companies to hire young workers.
The labour ministry also said that discussions about schemes for reduced working time would be held with unions and employers during the second half of the year with the aim to reach an agreement in January.
The ministry's data is the most frequently reported domestic jobs indicator for France, although it is not prepared according to widely used International Labour Organisation (ILO) standards nor expressed as an unemployment rate of number of job seekers compared to the total work force.
The unemployment rate hit the psychologically important level of 10.0 percent in the first quarter, the latest period for which ILO figures are available.
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Net profit at the Frankfurt-based group fell 79 percent year-on-year to 120 million euros ($146 million).
BIST 100 index falls by over 2 percent at close, going down some 2,600 points from previous close
Policy rate, also known as one-week repo rate, remains same at 8 percent; lending rate rises 0.75 percent points
BIST 100 increases 0.29 percent; US dollar/Turkish lira exchange rate stands at 4.0850
Local units operating in manufacturing industry work at 77.3 pct capacity in April, says Central Bank
Public sector net borrowing falls by 3.5 billion pounds in 2017-18 financial year, says Office of National Statistics
Indices for service, retail trade, construction sectors fall in current month compared with March: Official data
Data monitoring company IHS Markit also flagged a slight slowdown in France, where strikes were interrupting a resurgent boom on the back of government reforms.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.