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France unemployment marginally higher in third quarter -Breaking

by Mike Robinson

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© Reuters. On December 20, 2017, job seekers waited to talk with the staff of a National Agency for Employment office (Pole Emploi), in Aubervilliers near Paris. REUTERS/Benoit Tessier/File Photo

PARIS (Reuters), France’s unemployment rate remained stable at the levels it was before the COVID-19 crisis. Official data were published Friday.

According to the INSEE statistics agency the unemployment rate increased by 8.1% in third quarter compared with 8.0% during the prior three months.

According to Reuters polling, the unemployment rate was 7.8% in the third quarter.

While the French economy recovers from the pandemic it has seen a severe shortage in labour as some firms try to satisfy the growing consumer demand.

The unemployment rate did not fall in tandem, however. There are now more people searching for work than those who have remained on the sidelines throughout the crisis.

After a successful mass vaccination campaign, consumer spending rebounded and the French government increased its forecast for growth several times. It currently anticipates growth of 6.25%.

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