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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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Fri, 07/25/2014 - 12:30 | 5003878 hedgeless_horseman
hedgeless_horseman's picture

 

 

The French socialist solution will be an even shorter work week (less income) for all proles.

Keep calm and Soma on!

"Swallowing half an hour before closing time, that second dose of soma had raised a quite impenetrable wall between the actual universe and their minds."

Fri, 07/25/2014 - 12:35 | 5003906 DoChenRollingBearing
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...

Fri, 07/25/2014 - 12:42 | 5003943 Zero Govt
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

Fri, 07/25/2014 - 13:16 | 5004113 max2205
max2205's picture

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

Fri, 07/25/2014 - 13:28 | 5004159 Zero Govt
Zero Govt's picture

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

Fri, 07/25/2014 - 14:43 | 5004551 whotookmyalias
whotookmyalias's picture

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

Fri, 07/25/2014 - 15:13 | 5004727 knukles
knukles's picture

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

Major stimulus.

Fri, 07/25/2014 - 19:07 | 5005719 TeethVillage88s
TeethVillage88s's picture

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

Fri, 07/25/2014 - 13:50 | 5004264 Anusocracy
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.

Fri, 07/25/2014 - 14:46 | 5004552 Monty Burns
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.

Fri, 07/25/2014 - 13:18 | 5004116 S.M.T.U.Q.I.
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.

Fri, 07/25/2014 - 13:20 | 5004130 barre-de-rire
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

 

Fri, 07/25/2014 - 15:34 | 5004816 Dolar in a vortex
Dolar in a vortex's picture

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

Fri, 07/25/2014 - 17:37 | 5005431 Paveway IV
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.

Fri, 07/25/2014 - 12:35 | 5003909 agstacks
agstacks's picture

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

 

-Hugs,

Nancy

Fri, 07/25/2014 - 13:00 | 5004034 NotApplicable
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.

Fri, 07/25/2014 - 12:36 | 5003915 buzzsaw99
buzzsaw99's picture

capitalist utopia is like sasquatch

Fri, 07/25/2014 - 12:44 | 5003950 gcjohns1971
gcjohns1971's picture

And socialist utopias are like weeds.

They show up everywhere, but never produce anything.

Fri, 07/25/2014 - 12:50 | 5003988 NOTaREALmerican
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. 

Fri, 07/25/2014 - 12:39 | 5003917 Zero Govt
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 

Fri, 07/25/2014 - 12:38 | 5003919 starman
starman's picture

Coming to a country near you!

Fri, 07/25/2014 - 12:45 | 5003958 oddjob
oddjob's picture

#gagnant

Fri, 07/25/2014 - 12:38 | 5003922 monopoly
monopoly's picture

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

Fri, 07/25/2014 - 12:40 | 5003933 Winston Churchill
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.

Fri, 07/25/2014 - 12:46 | 5003967 DoChenRollingBearing
DoChenRollingBearing's picture

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

Fri, 07/25/2014 - 13:31 | 5004173 Zero Govt
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

Fri, 07/25/2014 - 12:48 | 5003934 tony wilson
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

Fri, 07/25/2014 - 13:25 | 5004154 WTFUD
WTFUD's picture

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

Fri, 07/25/2014 - 12:42 | 5003942 gcjohns1971
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.

Fri, 07/25/2014 - 12:47 | 5003971 DoChenRollingBearing
DoChenRollingBearing's picture

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

Fri, 07/25/2014 - 14:35 | 5003951 The Most Intere...
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!

Fri, 07/25/2014 - 12:44 | 5003952 AnAnonymous
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.

Fri, 07/25/2014 - 12:45 | 5003959 NOTaREALmerican
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?

Fri, 07/25/2014 - 14:45 | 5004560 whotookmyalias
whotookmyalias's picture

We fucking kick ass.  USA, USA!

Fri, 07/25/2014 - 12:49 | 5003976 Glass Seagull
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.

Fri, 07/25/2014 - 12:49 | 5003978 Sandmann
Sandmann's picture

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

Fri, 07/25/2014 - 12:54 | 5004006 foodstampbarry
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!

LOL!

 

 

Fri, 07/25/2014 - 13:02 | 5004049 NOTaREALmerican
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.

Fri, 07/25/2014 - 13:14 | 5004102 foodstampbarry
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.

Fri, 07/25/2014 - 13:26 | 5004150 NOTaREALmerican
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).

Fri, 07/25/2014 - 14:49 | 5004583 Zerozen
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.

Fri, 07/25/2014 - 17:30 | 5005392 TeethVillage88s
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?

Fri, 07/25/2014 - 13:04 | 5004063 Comte d'herblay
Fri, 07/25/2014 - 12:53 | 5004014 potato
potato's picture

ENLIST
SUPPORT THE TROOPS
KILL BROWN PEOPLE
FOR EMPLOYMENT
VIVE L'ÉTAT!

Fri, 07/25/2014 - 13:24 | 5004149 barre-de-rire
barre-de-rire's picture

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

Fri, 07/25/2014 - 12:59 | 5004035 orangegeek
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!!!

Fri, 07/25/2014 - 13:03 | 5004059 NOTaREALmerican
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?

Fri, 07/25/2014 - 13:37 | 5004194 orangegeek
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

Fri, 07/25/2014 - 13:02 | 5004055 Comte d'herblay
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.

 

http://en.wikipedia.org/wiki/Mondragon_Corporation

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.

Fri, 07/25/2014 - 13:07 | 5004076 NOTaREALmerican
NOTaREALmerican's picture

Sounds like it would work until the sociopaths figure out a way to game it.    Sometimes ethnic solidarity can keep the sociopaths in check.  If the Basque sociopaths feel protected from foreigners by having a functional Basque economy they might not destroy it for their own profit, but beyond that; normal human asshole behavior will destroy anything that is "good" for a majority of the population.

Fri, 07/25/2014 - 17:59 | 5004485 TeethVillage88s
TeethVillage88s's picture

Maybe the US System with both Public & Private Executives is a false meme of Efficiency and Talent.

The Invention of an Executive might just be an excuse for hiring the well educated, connected, & Wealthy.

Just look at US Congress. Public Executives are a failure. I bet you will find Lois Lerner is from the connected, well educated, and want to be treated like a prince or princess. Look at our Deputy Secretary of Defenses or Under Secretaries. They don't improve the government or the process. Look at the Executives in the Veteran's Administration. They are just working for some inside network of well connected people. Epic Fail.

We have executives compete against each other for more and more compensation, but we don't get what is good for corporations, stakeholders, investors, employees or for Social Program enrollments. Just look at the Big Three US Auto Companies. Epic Fail.

Late Add: Mondragon Wage ratios Executives to Workers makes more sense that what we do in the USA Expand the Size of the Corporation, do mergers, go global, and compete for the highest wages to the moon for executives and while salting the board of directors to ensure incumbency and compensation increases.

Of course in 3rd World Country or Spain lower compensation levels are more sustainable, but with money printing and coming inflation USA might have to adapt to lower executive compensation.

Fri, 07/25/2014 - 14:35 | 5004504 Zerozen
Zerozen's picture

They have companies like that in Germany too. It's not a new thing. Small private tech startups in the U.S. are similar in that sense as well.

Don't know why you think it's "left-leaning". All it means is that the employees and shareholders are one and the same. It probably does wonders for worker productivity.

These companies that are structured like this still have to produce a product and sell it in a market. Sounds capitalist to me.

Fri, 07/25/2014 - 19:03 | 5005706 Comte d'herblay
Comte d'herblay's picture

I saw a video by a proponent of the system giving a speech to americans in some seminar and I was as surprised as you that he said it was a socialist system in its function, left-leaning in that capital in excess of payrolls, taxes and expenses is not paid out in dividends, or interest or a return of capital to investors, but was regularly distributed into new startups, or given over to other businesses within the co--op, as are employees who are not required any longer at one unit.

It's not at all like private startups in the U.S. that are usually V.C. investments that need to have a high rate of return of Captial for the investors. 

I know of none in the U.S.  that has grown to nearly 100,000 employees, and has 14 Billion Euros in sales. 

Fri, 07/25/2014 - 13:07 | 5004074 NOTaREALmerican
NOTaREALmerican's picture

.

Fri, 07/25/2014 - 13:09 | 5004083 Atomizer
Atomizer's picture

The EU as a borrower

 

  • When you sever off new revenue income through sanctions.
  • Have high unemployment loafers feeding off the system
  • New IMF loan requests to bail out EU will emerge.

Moving from Liquidity- to Growth-Driven Markets| April 2014

IMF Lending at a Glance in Europe| July 2, 2014

This entire EU dispute is a red herring to acquire new IMF financial stability funds. Cash burn coffer is about empty.

The socialist pigs are squealing at the feeding trough.

Fri, 07/25/2014 - 13:15 | 5004105 WTFUD
WTFUD's picture

I have a lot of faith in these OFFICIAL unemployment figures/NOT.

Fri, 07/25/2014 - 13:18 | 5004124 Dr Dooom
Dr Dooom's picture

I am amazed that there are no comments regarding how joblessness
Is calculated. It is an even worse situation in the US than in Europe.
The level of joblessness in Europe is driven by the fact that there is
A social security net for people thrown out of work, which carrys on for
A very long time, hence a high level of registred job seekers in Europe.
If the US had the same safty nets in place I would expect something
Like 12% or so in unemployment level. By not incentivicing people
To register as job seeker, i e not benefits = no registration, the whole
Discussion in the US is completly flawed. Why is this never on the agenda
When discussing the relative positions between US and Europe?! The
Case for socialism is very evident in this dimention , not that it is State
Opression, but that states do protect their citizens from poverty. The US seems to just forget large numbers of people and give them food stamps.
That was the way to do it like a hundred years ago...... US in the lead?
- I do not think so. Something is coming home to roost....

Fri, 07/25/2014 - 13:35 | 5004179 barre-de-rire
barre-de-rire's picture

french case is they cannot keep anylonger the actual social net system.

it was fantastic system with low population when workers were more than the unemployed. now the balance is fucked... typical french: live longer, work same amount of time, but want still same pension, mentals...

 

Fri, 07/25/2014 - 13:33 | 5004181 NOTaREALmerican
NOTaREALmerican's picture

What makes America work so well is that most Americans hate each other.   That's why we hate Europeans too, because you don't show enough meanness towards members of your own society.    REAL Mericans despise the worthless trash losers on welfare because they are mostly "those people", who are also well hated here.

Hope this help you understand Mericans a bit better.

Fri, 07/25/2014 - 14:51 | 5004595 Nick Jihad
Nick Jihad's picture

Typical lefty - NOTaREALmerican assumes that everyone hates others, as much as he does.

Fri, 07/25/2014 - 15:11 | 5004711 PrecipiceWatching
PrecipiceWatching's picture

Too low of an IQ to formulate even a cogent parody, aren't ya, hate-consumed loser?

Fri, 07/25/2014 - 14:03 | 5004327 hairball48
hairball48's picture

Tuff shit. I never liked the frogs anyway.

Their whores smelled bad in the early 70's and I bet they still stink

:)

Fri, 07/25/2014 - 14:12 | 5004373 TeethVillage88s
TeethVillage88s's picture

Compare

First is BLS data, below is OECD Rates.

Labor Force Participation Rate in the United Kingdom (DISCONTINUED)
2012: 63.4 Percent (+ see more)
Annual, Not Seasonally Adjusted, GBRLFPRNA, Updated: 2013-06-10
http://research.stlouisfed.org/fred2/series/GBRLFPRNA

Labor Force Participation Rate in Netherlands (DISCONTINUED)
2012: 64.8 Percent (+ see more)
Annual, Not Seasonally Adjusted, NLDLFPRNA, Updated: 2013-06-10
http://research.stlouisfed.org/fred2/series/NLDLFPRNA

Labor Force Participation Rate in France (DISCONTINUED)
2012: 55.9 Percent (+ see more)
Annual, Not Seasonally Adjusted, FRALFPRNA, Updated: 2013-06-10
http://research.stlouisfed.org/fred2/series/FRALFPRNA

Labor Force Participation Rate in Germany (DISCONTINUED)
2012: 59.2 Percent (+ see more)
Annual, Not Seasonally Adjusted, DEULFPRNA, Updated: 2013-06-10
http://research.stlouisfed.org/fred2/series/DEULFPRNA

Labor Force Participation Rate in Italy (DISCONTINUED)
2012: 49.0 Percent (+ see more)
Annual, Not Seasonally Adjusted, ITALFPRNA, Updated: 2013-06-10 9:18
http://research.stlouisfed.org/fred2/series/ITALFPRNA

---OECD Rates are higher---

Employment Rate: Aged 15-64: All Persons for Greece©
2013:Q4: 49.09096 Percent (+ see more)
Quarterly, Seasonally Adjusted, LREM64TTGRQ156S, Updated: 2014-04-03
http://research.stlouisfed.org/fred2/series/LREM64TTGRQ156S

Employment Rate: Aged 15-64: All Persons for Spain©
2013:Q4: 54.59975 Percent (+ see more)
Quarterly, Seasonally Adjusted, LREM64TTESQ156S, Updated: 2014-03-12
http://research.stlouisfed.org/fred2/series/LREM64TTESQ156S

Employment Rate: Aged 15-64: All Persons for the United Kingdom©
2013:Q4: 71.15285 Percent (+ see more)
Quarterly, Seasonally Adjusted, LREM64TTGBQ156S, Updated: 2014-04-03
http://research.stlouisfed.org/fred2/series/LREM64TTGBQ156S

Employment Rate: Aged 15-64: All Persons for France©
2013: 64.100 Percent (+ see more)
Annual, Not Seasonally Adjusted, LREM64TTFRA156N, Updated: 2014-05-05
http://research.stlouisfed.org/fred2/series/LREM64TTFRA156N

Employment Rate: Aged 15-64: All Persons for Belgium©
2013: 61.800 Percent (+ see more)
Annual, Not Seasonally Adjusted, LREM64TTBEA156N, Updated: 2014-04-03
http://research.stlouisfed.org/fred2/series/LREM64TTBEA156N

Employment Rate: Aged 15-64: All Persons for Portugal©
2013: 61.050 Percent (+ see more)
Annual, Not Seasonally Adjusted, LREM64TTPTA156S, Updated: 2014-03-12
http://research.stlouisfed.org/fred2/series/LREM64TTPTA156S

Employment Rate: Aged 15-64: All Persons for Italy©
2013: 55.625 Percent (+ see more)
Annual, Not Seasonally Adjusted, LREM64TTITA156N, Updated: 2014-04-03
http://research.stlouisfed.org/fred2/series/LREM64TTITA156N

---

Employment Rate: Aged 15-64: All Persons for Switzerland©
2013: 79.575 Percent (+ see more)
Annual, Not Seasonally Adjusted, LREM64TTCHA156N, Updated: 2014-04-03
http://research.stlouisfed.org/fred2/series/LREM64TTCHA156N

---

Employment Rate: Aged 15-64: All Persons for Germany©
2013: 73.300 Percent (+ see more)
Annual, Not Seasonally Adjusted, LREM64TTDEA156N, Updated: 2014-04-03
http://research.stlouisfed.org/fred2/series/LREM64TTDEA156N

---

Employment Rate: Aged 15-64: All Persons for Japan©
2013-12: 72.39345 Percent (+ see more)
Monthly, Seasonally Adjusted, LREM64TTJPM156S, Updated: 2014-06-05
http://research.stlouisfed.org/fred2/series/LREM64TTJPM156S

---

Employment Rate: Aged 15-64: All Persons for the United States©
2013-12: 67.56539 Percent (+ see more)
Monthly, Seasonally Adjusted, LREM64TTUSM156S, Updated: 2014-06-05
http://research.stlouisfed.org/fred2/series/LREM64TTUSM156S

Civilian Labor Force Participation Rate
2014-06: 62.8 Percent (+ see more)
Monthly, Seasonally Adjusted, CIVPART, Updated: 2014-07-03
http://research.stlouisfed.org/fred2/series/CIVPART

-USA Peaked out at about 67% BTW 1997-2000.
-Use of OECD Chart Employment Rate Age 15-64 increases the Rate to 74% in 2000.
-UK OECD Chart Employment Rate Age 15-64 appears inflated also.
-Japan appears to be still peaking at 72.4%.
-Italy Employment Rate peaked before 2008 Crash at 58.8%
-Portugal shows an OECD Peak of 69% in 2001.
-Greece OECD Rate seemed steady at 60% for 5 years.
-Italy, Portugal, Greece, Spain, look damaged from 2008 Crisis.
-Netherlands has impressive employment rate.
-Germany did not even get a blip in Rate through 2005-2013, perhaps this is due to US Military Subsidized Employment.

Fri, 07/25/2014 - 15:48 | 5004897 viator
viator's picture

More central planning, s'il vous plaît.

Fri, 07/25/2014 - 15:48 | 5004905 Itchy and Scratchy
Itchy and Scratchy's picture

'Mission  Accomplished' for the French!

Fri, 07/25/2014 - 16:25 | 5005097 Super Hans
Super Hans's picture

Years ago the French announced a shortened work week for full time employees.  We all moaned about how lazy the French must be to approve fewer hours per week, but now here in the U.S anything over 29 hours per week is considered full time, if you are an hourly employee, yet if you are on a fixed salary, you will be required to work more than 40 hours a week with no increased pay.  It's just one big clusterfuck! 

Fri, 07/25/2014 - 17:40 | 5005433 Johnny Moscow
Johnny Moscow's picture

Relax guys - I still believe that all of France's meat is Halal so at least they've got that covered. 

What's French for "U-6 Unemployment" anyway?

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