31 August 2001, 10:56 French July unemployment rate rises to 8.9% from 8.8% June
--French July jobless above analysts' forecasts
--French July ILO jobless rises by adj 57,000 on mo to 2,372,000
Paris, Aug. 31 (BridgeNews) - France's unemployment rate based on
International Labor Organization definitions rose in July to 8.9% of the
workforce from 8.8% in June, the French Labor Ministry said. Economists
had forecast an unchanged rate.
Based on ILO definitions, which omit persons who worked at all during
the month, the number of jobless in June rose a seasonally-adjusted 2.4%,
or by 57,000 to 2,372,000, compared with a rise of 31,000 in June.
Because the ILO calculation excludes anybody who worked during the
month, its measurement base is smaller than the base used by the Labor
Ministry.
According to Labor Ministry figures the number of category 1
jobseekers in France (those having worked less than 78 hours during the
month) rose by 40,000 or 1.9% to 2,116,700
© 1999-2024 Forex EuroClub
All rights reserved