François Hollande, the President of France, has vowed to reverse unemployment trends by the end of the year. Last Thursday, the (INSEE) announced the  job market continued to struggle as unemployment rose to 10.8\%, the country's highest recorded unemployment rate since 1998. The 0.3\% rise in the first quarter of 2013 had increased doubt around French President  's promise to reverse the trend by the end of 2013. The  (IMF) had advised France that they may fall behind surrounding European economies if they do not take action and introduce new economic reforms. The IMF has suggested a decrease in labour costs and stopping tax increases could help to improve the country's economic competitiveness and increase growth.
François Hollande, the President of France, has vowed to reverse unemployment trends by the end of the year. Last Thursday, the (INSEE) announced the French job market continued to struggle as unemployment rose to 10.8\%, the country's highest recorded unemployment rate since 1998. The 0.3\% rise in the first quarter of 2013 had increased doubt around French President François Hollande 's promise to reverse the trend by the end of 2013. The International Monetary Fund (IMF) had advised France that they may fall behind surrounding European economies if they do not take action and introduce new economic reforms. The IMF has suggested a decrease in labour costs and stopping tax increases could help to improve the country's economic competitiveness and increase growth.
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French
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François Hollande
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International Monetary Fund