Le Maire Downplays France’s Best Jobless Figures in Two Decades
- Finance minister says he’s focussed on longer-term goals
- Unemployment rate at 8.9% in Q4, best in almost nine years
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French Finance Minister Bruno Le Maire downplayed the significance of the biggest drop in unemployment in at least two decades, saying he wants to see a consistent decline in joblessness.
“What counts is the long-term trend,” Le Maire told reporters on Thursday in an unusual response for a politician to positive labor-market data. “We need to wait two years to see the results that really mean something.”