Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
French jobless rate up again in Q4, hits 10.6 pct
Thursday - 3/7/2013, 9:10am EST
PARIS (AP) -- France has yet to hit bottom. The unemployment rate in Europe's second-largest economy rose again in the last quarter of last year to 10.6 percent, putting new pressure on President Francois Hollande's rollout a controversial labor-market reform.
The national statistics agency Insee said Thursday that the jobless rate rose 0.3 percent point, from 10.3 percent in the third quarter of 2012.
Concerns about high debt amid a slowing global economy have driven up unemployment rates across Europe. While France has avoided the worst of the crisis thus far, its high and rising unemployment rate indicates its economy is also in trouble.
Its gross domestic product has shrunk for three of the last four quarters, and some expect the economy will enter another recession in the first part of this year. A recession is technically defined as two consecutive quarters of negative growth, but economists say that France's high unemployment rate is already recessionary. Unemployment rates also tend to lag behind economic growth, so the rate will likely continue to rise.
French unemployment has been climbing steadily since last year after dropping for a few quarters. It is now higher than at any time since 1999.
Hollande has promised to stop the rise of unemployment this year, and a labor-market reform unveiled Wednesday is at the center of those efforts.
France's hidebound labor rules make it very difficult to fire workers, even in times of economic difficulty, and that has long made employers reluctant to hire. Even in economic boom times, France's structural employment has remained relatively high.
Hollande hopes to loosen those rules, while still maintaining robust worker protections that the French consider at the heart of their way of life. The new plan would offer companies in financial difficulty more flexibility in setting working hours and salaries. The government hopes that will help businesses stay afloat, instead of shutting down factories or moving production to countries with cheaper labor.
France's leading employers' group and three top unions negotiated the compromise in January, and it was formalized into a draft law at a Cabinet meeting Wednesday. Two hardline unions oppose it, saying it's too generous to bosses.
The bill now goes to the parliament dominated by Hollande's Socialist party, and the government is hoping it can be in place by the end of April.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.