French Jobseekers Surge To New Record High

Tyler Durden's picture




 

For a moment there, mid-year, when the French forgot to send texts out to all their unemployed people to confirm their joblessness, that French and European leaders looked at the French jobseekers data and hailed the corner as having turned. It has not! For the 30th of the last 32 months, French joblessness increased. At 3.303 million jobseekers, French unemployment is at an all-time record high (and 10Y French debt trades 36bps lower in yield than US 10Y).

 

 

It seems like it's time for Hollande to invade another small African nation (and instigate a draft?)

As France24 sums up perfectly -

 

 

Chart: Bloomberg

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Mon, 01/27/2014 - 13:27 | 4371519 desirdavenir
desirdavenir's picture

Though we accept congratulations related to this new record setting by the government, the reader should also be aware that these statistics are about as fudged as the US ones, and adding anywhere between 50% and 100% is possible...:(

Mon, 01/27/2014 - 13:35 | 4371554 Sudden Debt
Sudden Debt's picture

Socialists gain power out of unemployment numbers because of all the benefits they give away to the unemployed. Something Obama still needs to learn.
All it takes is to be sure that the number of unemployed is bigger than the employed.

Mon, 01/27/2014 - 13:46 | 4371597 SheepDog-One
SheepDog-One's picture

Great way to simmer up the discontent for the next world war.

Mon, 01/27/2014 - 13:42 | 4371582 XAU XAG
XAU XAG's picture

UK just had a large decrease................I would bet there will be a large increase ...............soon

Mon, 01/27/2014 - 13:54 | 4371647 Offthebeach
Offthebeach's picture

I remodeled a worn out kitchen for a guy who worked for the Boston Federal Census. He did economic field surveys. He'd have 10 businesses he'd have to interview about this or that. He said it was easy, straightforward. He said he was one of 10 in his section. Him and another were pretty scrupulous. The other 8 went home, shopping and made stuff up. I asked how he knew because he would call buisness es about the others surveys and they never met anyone. Or he would go to another said surveyed business and it didnt exist.
I asked about his superior. He said all he cared is that everything was filled in and a few days early so that he would have exceptional performance.
He said as far as he knew his section was a joke and the 0.00 statistics were litterally false. But, it paid the mortgage.

Mon, 01/27/2014 - 13:41 | 4371571 XAU XAG
XAU XAG's picture

Have they run out of onions?...........

Mon, 01/27/2014 - 15:29 | 4372113 Sudden Debt
Sudden Debt's picture

they're more into garlic than onions

Mon, 01/27/2014 - 14:03 | 4371696 Offthebeach
Offthebeach's picture

The reason Jobseekers have risen is because the economy is so good it is pulling workers back into the labor force.

(FedReserve Think off)

Mon, 01/27/2014 - 13:30 | 4371526 williambanzai7
williambanzai7's picture

Mon, 01/27/2014 - 14:40 | 4371879 Colonel Klink
Colonel Klink's picture

It would have been great if it was Wilbur brand TV dinners.

Mon, 01/27/2014 - 13:29 | 4371528 maskone909
maskone909's picture

good luck financing your plundering of Mali.  if anything JPM and GS will tell friends at moody's to downgrade their bonds.  How dare they think they can steal our resources.  USA!

Mon, 01/27/2014 - 13:29 | 4371532 Dr. Engali
Dr. Engali's picture

The French work?

Mon, 01/27/2014 - 13:33 | 4371545 Shad_ow
Shad_ow's picture

Rarely but the need to claim they do is a matter of "French pride." BWAAA!

Mon, 01/27/2014 - 15:32 | 4372119 Sudden Debt
Sudden Debt's picture

depends on the definition

Mon, 01/27/2014 - 13:30 | 4371536 bagehot99
bagehot99's picture

Quick, buy stawks!!

Mon, 01/27/2014 - 13:31 | 4371539 Bearwagon
Bearwagon's picture

As if labor would do anything to improve the economy, if wages are decoupled from the rest of the economy. Don't look at prices, look at wages - and things suddenly look much more sinister.

Mon, 01/27/2014 - 13:31 | 4371540 stock trout
stock trout's picture

You're young, got your health. What you need a job for?

--Raising Arizona

Mon, 01/27/2014 - 13:39 | 4371548 carbonmutant
carbonmutant's picture

They should just stop searching like Americans have....

one note: Unemployed citizens are dangerous. Of couse it's been a long time since American citizens were dangerous....

Mon, 01/27/2014 - 13:43 | 4371575 Rodders75
Rodders75's picture

Bien qu'il est en train de baiser une très jolie fille qui est completely out of his league, compte tenu de la taille de sa bite, il est vraiment trop con notre président.

Mon, 01/27/2014 - 13:42 | 4371583 SheepDog-One
SheepDog-One's picture

Sacre Bleu!

Mon, 01/27/2014 - 13:44 | 4371578 SheepDog-One
SheepDog-One's picture

Labor is no longer the measure of an economy, how well you can make up fake numbers and print the most fake money is.

Mon, 01/27/2014 - 13:46 | 4371603 XAU XAG
XAU XAG's picture

The measure of  an economy should be tax reciepts less overheads as a percentage of GOV debt

Mon, 01/27/2014 - 13:47 | 4371601 teslaberry
teslaberry's picture

france and germany need to end world war 2 right now, one of them needs to conquer europe once and for all bitches. 

 

consider the u.s. has 50k troops in germany, and plenty of nuclear reactors in france waiting to have accidental meltdowns----it looks like the u.s. and germany can help make some major nuclear accidents happen in france. then we blame those accidents on terrorists or on mother nature. then we invade france slowly by creating a 'pan-euroepean' army sanctioned in brussels, but secretly just a decision by germany to invade france and loot it. 

 

send half the loot to the u..s , the rest to germany PROBLEM SOLVED>

Mon, 01/27/2014 - 13:48 | 4371610 SheepDog-One
SheepDog-One's picture

That little tiny down blip at the top of the chart had everyone cheering that 'the corner had been turned?

Mon, 01/27/2014 - 13:49 | 4371621 chistletoe
chistletoe's picture

ils peuvent manger du gateaux peut-etre?

Mon, 01/27/2014 - 14:04 | 4371697 Rodders75
Rodders75's picture

Non de la merde !

Mon, 01/27/2014 - 13:55 | 4371645 Rising Sun
Rising Sun's picture

French jobseekers - WORLD'S BIGGEST FUCKING OXYMORON!!!!!

Mon, 01/27/2014 - 16:58 | 4372457 destiny
destiny's picture

You're in the same melting pot man....oxymoron and a half....

Mon, 01/27/2014 - 17:00 | 4372467 destiny
destiny's picture

You're in the same melting pot man....oxymoron and a half....

Mon, 01/27/2014 - 14:05 | 4371716 Spungo
Spungo's picture

Kidnapping bosses = bad for business??? Why didn't anyone predict this?

Mon, 01/27/2014 - 17:04 | 4372470 destiny
destiny's picture

Just kind of prove that you don't need any boss, just like the belgians did nt need a govt and did quite well for 2 years.  many french workers take over companies or plants as cooperatives and it works out...they're their own bosses

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