French Unemployment Rate Hits All Time High

Socialist president promised unemployment would fall by the end of the year

The number of jobless people in mainland France hit an all-time high in July, squeezing the time left for President Francois Hollande to fulfill a pledge to reverse the trend by the end of the year.

The total number of people registered as out of work rose by 6,300 to 3,285,700 according to data from the labor ministry on Tuesday.