August 24, 2017 / 4:07 PM / 3 months ago

French jobless total nears one-year high in July

PARIS (Reuters) - France’s jobless total rose last month to the highest level in nearly a year as the labor market struggles to take advantage of the improving economy, Labor Ministry data showed on Thursday.

FILE PHOTO: The logo of the National Agency for Employment (Pole Emploi) is seen on the facade of a building in Nice, France, March 3, 2016. REUTERS/Eric Gaillard/File Photo

The ministry said the number of people registered as out of work in mainland France rose in July by 34,900 to 3,518,100, the highest level since August of last year.

The increase, one percent over one month and 0.1 percent over one year, was the biggest for one month since the jobless tally rose by nearly 44,000 in March.

Although business and consumer confidence is running at multi-year highs, the improvement has yet to translate into a sustained drop in the jobless total.

President Emmanuel Macron, who took office in May, is counting on bringing the numbers down by easing labor regulations in a reform to be presented next week.

Even though jobless numbers have remained stubbornly high despite a stronger economy, new job creation has been picking up, helping to bring down the unemployment rate.

It fell in the second quarter to a five-year low of 9.5 percent from 9.6 percent in the previous three months, the INSEE statistics agency said earlier this month.

Reporting by Leigh Thomas; Editing by Sudip Kar-Gupta

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