In the last two quarters, the official jobless figure has edged up to 7.2 percent and then 7.4 percent. The Bank of France (always gloomy) believes that it will reach 7.8 percent by the end of next year.
In France, the conjuncture has manifested itself by a slowing in sales of luxury goods and foods to Germany and China and a collapse in private construction projects and building jobs. Ministers say that this is a blip.
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