(MENAFN- Kuwait News Agency (KUNA)) French Labor Minister Michel Sapin said Sunday that the country's unemployment surpassed the number of three million.
Quoted by local radio interview, Sapin said that the number of unemployed exceeded 2,978 million since last July, and "there was no doubt the number had risen beyond that." The minister also wondered "What will next year's unemployment rate be? Nobody knows.
"The question is, will it rise by very much? Yes, it will rise. At some point will we be able to reverse it? Yes," the minister said.
"These are economic decisions, European decisions," he said. "We need growth to create jobs." Last night, French President Francois Hollande said in a speech that government priority was to find urgent solutions to unemployment, which the youth is suffering from.
The French leader said that one of the biggest challenges they face was economic progress in various fields, in particularly fields like reconstruction, tourism, and industry fields.
Last July, (EUROSTAT), a census agency by the European commission, issued a bulletin saying that unemployment rate will increase in European countries to 10.4 percent in Europe, an increase since the 9.5 percent of the same period of 2011.
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