French Unemployment Rises to 10.6%

The French jobless rate rose in the third quarter to 10.6% from 10.3% in the second, French national statistics agency Insee said Thursday.

The figure includes data from continental France and overseas districts. Excluding overseas districts, the unemployment rate in France rose to 10.2% in the third quarter, or 2.9 million people, from 10% in the previous quarter.

The number of people who would like to work but aren’t counted among the ranks of the unemployed was 1.4 million, Insee said, 64,000 fewer than in the third quarter 2014.

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.