Number Of French Jobless Rise To New Record

Tyler Durden's picture

With "recoveries" like these who needs staged, false flag conflicts and wars covering over 10% of the globe? Well, socialist France for one which moments ago announced that total jobless rose from 3.389 million to 3.398 million, a new record high. Surprisingly, while the year-over-year unemployment change for people under 25 declined by 3.1%, it was workers 25-49 which saw a material 3.3% increase in joblessness, but it was workers aged 50 and older that saw a veritable surge in unemployment, rising by 11.5% from a year ago. Surely, just like in the US, this is due to young people retiring in droves.

Reuters reports:

The number of people without a job in France rose in June to yet another record in the latest blow to President Francois Hollande's efforts to get unemployment falling.

The Labour Ministry said the jobless total in mainland France rose by 9,400 last month to 3,398,300, up 0.3 percent over one month and 4.0 percent over one year.

Hollande has seen his popularity collapse to record lows for a French president as he failed to live up to promises to get unemployment declining.

The Socialist leader is counting on plans to phase out 30 billion euros ($40.29 billion) in payroll tax on companies to get them investing and hiring.

In one ray of light for the job market, the Labour Ministry said the number of job offers received by the state employment agency had risen 5.4 percent in June from May.

The good news for France, which like Venezuela is on its way to becoming another socialist utopia, is that it sill has headlines like these to look forward to:

And now, time for France to engage in another meaningless conflict in west Africa.

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DoChenRollingBearing's picture

If France is a domino soon to fall, it will be a BIG ONE.  France goes over the falls, Germany will too.  Then the tsunami rushes to our shores...

Zero Govt's picture

it's nip and tuck between the Austrian banking industry and Frances grossly obese State

don't bet on which ..just run fast as you can out the way

max2205's picture

Do what Barry does....change the way you count

Zero Govt's picture

indeed the French Govt has done this ...making the maths (debt) illegal

whotookmyalias's picture

The baguettes and croissants are still freaking amazing.  Vive la France!

knukles's picture

Suggested Stimulus Programme:
Pay all French women to shave their armpits, legs, snortches and testicles.

Major stimulus.

TeethVillage88s's picture

Woah, the women have testicles!! I thought I only had to worry about the pick pockets and the restaurant bills!!

Anusocracy's picture

France - such a beautiful country, such a shitty government.

Austria, too.

If I were Yellen, I'd print enough money to buy both of them.

Monty Burns's picture

France is living proof that a welfare state when coupled with open borders leads to catastrophe.  Despite what the Anglo-American world thinks, French people enjoyed a very high standard of living and a secure and easy lifestyle. Until millions of unprodutive Africans (Muslim and non-Muslim) and West Indians came to its shores and swamped the system. No way back now. It's almost as bad in Scandinavia.

S.M.T.U.Q.I.'s picture

Physical labor is for chumps and robots.  If I need money or food or a body part, I just print it.

barre-de-rire's picture

as french i can tell you, the 3.9 millions is public BS rigged numbers.


this is only the official "A" category of unemployment.

there are 8 categories. the total number of people  who are without job or with a below poverty threshold is about 9.5 millions people.

probability france not pass the winter is  above 33%,

probability france do not see end of holland mandat, 75%


the problem with the A category, is pole emploi, the structure for jobs, regulary delete people from list without any notice, just to stay under the limit, it is well known there.

another fact is people unemployed now get not declarated job to fisc. just because it not possible there to work for 100 when .gov take you 55/60 %

france is an hurt plane slowly landing in the limbs where it wont go back. ever


Dolar in a vortex's picture

Ah! They use the same employment accountants as Obama does ... and Bush did.

Paveway IV's picture

And as an American, I can tell you and the rest of your fellow Frenchmen that the U.S. is right behind you, barre-de-rire. Our plane is a little larger and serves 64 oz. sodas, but it's going down exactly like your French plane.

Could you French guys have another revolution that we could copy? The U.S. could use the inspiration.

agstacks's picture

"They're NOT unemployed. They've been UNTETHERED!"




NotApplicable's picture

Wait, they count the jobless?  Well, there's you "unemployment" problem, right there.

Obummer should send Hollande some advisors to resolve this pesky problem.

buzzsaw99's picture

capitalist utopia is like sasquatch

gcjohns1971's picture

And socialist utopias are like weeds.

They show up everywhere, but never produce anything.

NOTaREALmerican's picture

None of the ISM's can work as long as humans can win with duplicity.   

Some are more (equal | compatative | above-average ) than others, after-all. 

Zero Govt's picture

Socialism and Economics working wonders again

hum an idealistic mantra that's never worked, meddle like a moron and empty productive peoples pockets and your dreams come true 

starman's picture

Coming to a country near you!

monopoly's picture

"Young people retiring in droves". LMAO. Perfect.

Winston Churchill's picture

The French aren't working ?

How could they tell.

Longest paid holidays in Europe ,combined with the shortest work week.

Northern Europes Greek's.

DoChenRollingBearing's picture

Ah!  You have had the pleasure of waiting (and waiting) in French cafes too.

Zero Govt's picture

cushy employment laws indeed ..but the wealthy French are taking flight to nearby Belgium and London as the tax laws change to daylight robbery

it's a Govt thang

tony wilson's picture

who needs zer jobs

we ares so luckies in paris

we has der cheese is der breads der wines and der love makings.


even when we haves nussing we can still relies on ser dairy and if needs be we have ser free rape of der slim womans

when ser frenchie rape a woman it not like uglies english hards it softs gentles.

afters ser free  rape loves makings sometimes ser girls sank yous afterwards

ohh paris

paris what smells come from your gutters

WTFUD's picture

@ tony wilson
I'm envious of ALL your down votes. Hitting all these raw nerves.

gcjohns1971's picture

They just need to shorten the work-week again.

Then more people will have to be hired to get the work done.

DoChenRollingBearing's picture

It is not fair that anyone in France have to work more than 20 hours / week.

The Most Interesting Frog in the World's picture

The good thing about losing their jobs in France now is they won't have to worry about losing their jobs when the EU and the USSA combine and Obama becomes their President too!

AnAnonymous's picture

To save the 'american' middle class, part of it must be sacrificed so the other part can endure.

The 'american' middle class type is not to be found in the likes of Ethiopia, Vietnam. It is to be found in 'american' countries.

NOTaREALmerican's picture

Too bad the French don't have the same free-market system we have which is producing a recovery which is the envy of the world. 

We are doing better because we're NOT socialist like the French, right?

whotookmyalias's picture

We fucking kick ass.  USA, USA!

Glass Seagull's picture



Hence the future lack of cooperation between France and any monetary or political policy that stands in the way of export-led job creation.

Sandmann's picture

Not a problem. Britain's Debt-Powered Recovery will drag the world out of least until May 2015 and the election......

foodstampbarry's picture

How much more evidence does the left need?

Socialism doesn't work! ... PERIOD!

But that's right, if we just do it this way and tweak that, it'll work!




NOTaREALmerican's picture

Neither does capitalism.    There's no end-game after the sociopaths and assholes win.

None of the ISM's can figure out what to do with the sociopaths and assholes manipulating the dumbasses for fun-n-profit.

foodstampbarry's picture

Please name one place where capitalism exists. And don't say U.S.A, because it hasn't been practiced here in over 100 years.

NOTaREALmerican's picture

I know this will be tough concept for you, but...   The reason capitalism DOESN'T exist is because the smart-n-savvy people manipulated "it" until they owned everything and the markets collapsed.    Capitalims like socialism only exists WHILE the smart-n-savvy people don't manipulate the dumbasses for the own advantage.

Here's a mind exercise:  

1)  You magically create a world with capitalism in place.

2)  Now,  what would the sociopaths do with this world?

If you can figure out the answer to #2 you'll understand why capitalism OR sociopaths can't exists.

(Bonus question:   Look-up the definition of socialism.   Nobody has "tried" socialism yet either.  Because they can't, for the same reasons as capitalism).

Zerozen's picture

Capitalism, such as is practiced, works a lot better than socialism (as it is practiced) because capitalism allows for failures and distributed, de-centralized decision making (i.e. markets). Those are its redeeming features.

Socialism is too rigid - you can't centrally plan an economy - and in the name of 'fairness' and 'compassion' it doesn't allow companies and individual people to FAIL.

Another typical feature of a socialist society is lack of economic freedom. You can't spend a big chunk of your money the way you want to, because government already spent it for you.

TeethVillage88s's picture

Germany is doing well with it's Socialism or so it seems.

It has Tripartism, but you also have to look at the huge number of jobs and money that pour into Germany From the US Military/Federal Government.

Socialism is building roads in cities or towns with local tax money. Emergency response people like firemen, policemen, cities crews to fix storm damaged infrastructure.

But also socialism is Congressman's Health Care, Pension, and Retirement benefits.

And Socialism is the medical care provided to military members or especially their large family medical benefits.

US Interstate System = Socialism even though was a military strategic function now seems to mostly serve commerce.

What about Corporate Socialism. If commerce enjoys use of our Ports, Roads, Waterways, but doesn't pay taxes or fees for this use while being the biggest user, it must be socialism.

What about the $1 Trillion we spend on MIIC/MIC and Prison Complex. All of those defense & security people are sucking on Uncle Sugars Nipple.

What about TSA & DHS are those Socialism type jobs or are they more of fascism?

potato's picture


barre-de-rire's picture

BROWN.... & grey, dont forget the greys, they're the worst.

orangegeek's picture

still waiting for a french bank to go insolvent


sensing we are getting very close - about the only country in europe that has shown up on radar, yet!!!

NOTaREALmerican's picture

"They've" been saying that about Japan for 25 years now.  Why wouldn't the CB's "save" the French banks to keep things going?

orangegeek's picture

bail outs/bail ins will be their first move - so yes to your comment about "the save"


but we need the insolvency first - and I think it's around the corner for the french

Comte d'herblay's picture

Speaking of Unemployment in France, which is a drop in the bucket compared to Spain, where 50% of the under 25 segment is unemployed, and overall 25% U/E countrywide, no hope of earning a living, take a look at a part of Spain, called ( don't tell them that, cuz it pisses them off royally) the Basque region, with zero unemployment due to, apparently an experimental economic model that has been operating successfully for a long time.

This left leaning communist plot has eliminated the shareholder as the owners and made the employees the owners.  No doubt there's all kinds of things wrong with it but in a part of the world where there is no hope for the children, it might be worth a detailed examination.