Economics
Hollande Jobs Pledge Turning Into Achilles Heel as Claims Rise
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French President Francois Hollande’s promise to create jobs by the end of the year is turning into his Achilles heel.
Jobless claims rose last month to a 15-year high at 3.17 million, the labor ministry said yesterday. The increase brings such claims close to the country’s historic peak in January 1997 -- when they stood at 3.2 million -- with no signs they’ll fall any time soon.