French jobless rate sinks below 10% as Hollande re-election bid looms

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It’s been a four-year wait for French President François Hollande, who somewhat thoughtlessly announced that he would not attempt a re-election bid unless unemployment fell during his five-year term of office. Figures released Thursday by the French National Institute of Statistics and Economic Studies, INSEE, reveal a fall of -0.3% in the second quarter compared with the first.

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