Obamanomics Doesn't Work In France Either

Most unemployed since 1999. 

The number of unemployed people in mainland France surpassed three million for the first time since 1999, new labour ministry data showed Wednesday, as French President François Hollande prepares to unveil his 2013 budget this week. 

French unemployment topped three million for the first time in over a decade, data showed Wednesday, as the country faces a yawning budget gap like those plaguing its southern eurozone neighbours.

 

The number of jobless in mainland France swelled to 3.011 million in August, 23,900 more than in July, Labour Ministry figures showed, the first time since 1999 that the figure has breached the three million mark.