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12/28/06

IHT: France's unemployment rate down 0.1 percent in November to 8.7 percent

For the complete report in the International Herald Tribune click on this link

France's unemployment rate down 0.1 percent in November to 8.7 percent

PARIS: France's jobless rate was down 0.1 percent in November to 8.7 percent, the lowest level in five years, according to data released Thursday by the Labor Ministry. The ministry said there were 2.11 million jobseekers on the books at the end of November, down 17,400 compared to a month earlier. In October, the unemployment rate held stable at 8.8 percent, interrupting a steady downward trend.

Still, France's unemployment rate remains stubbornly above the euro-zone average that stood at 7.7 percent in October, a 5 1/2-year low.

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