Friday, June 7, 2013

French unemployment hits 15-year high

The unemployment rate in France continues to climb, hitting 10.4% in the first quarter of 2013. That's the highest level the country has seen since early 1998.

Including French territories and islands, the unemployment rate was 10.8%, according the latest unemployment estimates from France's national statistics agency, INSEE.

The French government has been struggling with a sluggish economy and rising unemployment for years.