We can only imagine that the unemployment data must be so good that the French need a little more time to get positioned for the market's exuberance. It seems the government's statistical agency has proclaimed that:
- *INSEE WON'T BE ABLE TO PROVIDE FULL 1Q FRENCH UNEMPLOYMENT DATA
- *INSEE WAS SCHEDULED TO PUBLISH 1Q UNEMPLOYMENT DATA ON JUNE 6
Of course, we are sure this has nothing to do with the nation being near depression (as we discussed here [4] and here [5] most recently) and jobseekers at all-time record highs [6]. It seems 'when the news is bad, "lie"' is trumped by 'when the news is dreadful, "don't report it"'.