Christine Lagarde now expects a decline in unemployment
The decline in unemployment for the second consecutive quarter to hope that France moved into a sustained decrease, said Thursday Economy Minister Christine Lagarde.
The unemployment rate as defined in International Labour Office has declined to 9.3% and 9.7% in France with overseas in the second quarter against 9.5% and 9.9% in the first, announced Thursday INSEE.
"This is good news, especially now that a new repeating itself," said Christine Lagarde told Reuters.
"When is two consecutive quarters, there is reason to believe that not only stabilized but unemployment is perhaps past the right side of stabilization.People come, hopefully in permanently reducing unemployment. "
In a previous interview after the announcement of a decline in the number of jobseekers in Class A in July, 25 August Christine Lagarde had referred to "stabilize" trend that is becoming.
Asked to say at what level of growth in France was able to create lasting jobs, the economy minister said: "It is almost certain it was only 2% of net job creation sustainable, but look at the current period, to 1.4% pace of growth was the net creation of jobs.
"The French economy has created about 60.000 new jobs since the beginning of 2010 when it evolves at a rate of 1.4 to 1.5% growth, so somewhere between 1.5% and 2%, the French economy created jobs .
"What is important is that we can maintain this trend of declining unemployment and net creation of jobs," she added.
The government forecasts economic growth of 1.4% this year and 2.0% in 2011.