French jobless rate hits 25 pct among young

Huge issue in France and the not surprising effect is that most college grads want safe jobs in the government bureaucracy if they can get one at all. French parents worry they are preparing their kids for a lifetime of unemployment, made worse by a lack of ambition and risk-taking.

PARIS (Reuters) – France’s youth unemployment rate rose to a record 25 percent in the third quarter, well above the European average, and the overall jobless rate remained stuck at 9.7 percent in the latest gloomy news for euro zone growth.

The jobless rate among people aged 15-24 years rose from 24.2 percent in the preceding April-June quarter, the highest level on records going back to 1975, data showed on Thursday.

[From French jobless rate hits 25 pct for young | Reuters]

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