French Joblessness Surges To Record High

Since Francois Hollande was elected (in May 2012), France has seen its joblessness ranks rise 36 of 39 months by a stunning 648,000. The lastest month added another 20,000 as it appears the brief respite in June and July is well and truly over. At 3.571 million, this is the highest number of jobseekers France has ever had...

Record high joblessness, well played Hollande!

 

Is it time for a convergence?

 

Charts: Bloomberg