Friday, 7 March 2014

Is President Hollande saying phew!

Statistics released Thursday showed that France’s jobless rate fell for the first time in two years in the fourth quarter of 2013, dropping to 10.2 % under a new calculation method and providing a much-needed boost for troubled President Hollande.

The unemployment rate, measured according to the International Labour Organisation’s (ILO) criteria, was calculated under a new method that substantially modified the statistics. The third-quarter figure was revised downward to 10.3 percent from 10.9 percent  previously.