- CNTV English - CCTV News

Homepage > News > Biz >

French labor minister expects more jobseekers in coming months

11-26-2012 06:13 BJT

PARIS, Nov. 25 (Xinhua) -- French Labor Minister Michel Sapin on Sunday expected "bad" unemployment data over the coming months due to quite difficult economic situation.

"I can tell you that (unemployment) figures will be bad. There will be more unemployed recorded (in October) and it will be like that for several months," the minister told RTL radio.

"When the machine creating unemployment has been launched since 17 months, it will not stop overnight but it will continues to produce unemployment. So, the government's objective is to curb this machine and to reverse it to a machine creating jobs," Sapin added.

In September, France's jobless rate grew by 1.6 percent to 3.057 million unemployed people. Year on year, the rate jumped by 10.1 percent over the same period last year.

Dogged by record high joblessness, President Francois Hollande targets to reverse the unemployment curve at the end of next year via "jobs of the future" plan that with state subsidies will contribute in recruiting the poorly qualified young workers from disadvantaged suburbs and rural areas.

Aiming at creating 100,000 jobs in the public sector and 50,000 in the private sector by 2014, the government employment scheme will cost 2.3 billion euros (2.98 billion U.S. dollars) to be compensated by removing tax exemptions from taxes on overtime work. (1 euro = 1.296 U.S. dollar)


Related stories

Editor:Zheng Limin |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program