French jobless rate drops to 12-year low

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An unexpected fall in the unemployment rate in France, down from 8.5 percent in the third quarter of 2019 to 8.1 percent in the last according to the national statistics office INSEE, represents the lowest rate since the last quarter of 2008.

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French unemployment fell unexpectedly at the end of last year to an 11-year low, official data showed on Thursday, offering President Emmanuel Macron a boost on the economic front, reports Reuters.

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