Economic slowdown fears as French jobless rate rises

French unemployment rate edged up to 9.2% in the first quarter of the year, up from 9% in the last quarter of 2017, with analysts pointing to a possible economic slowdown setting in across Europe.

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French unemployment rose slightly in the first three months of the year, confounding economists’ expectations for a decline and suggesting President Emmanuel Macron’s policies to boost jobs and growth are struggling to find traction, reports Reuters.