France's unemployment rate rose to the highest level in five years in the first quarter, data from the statistical office INSEE showed Wednesday.The ILO jobless rate unexpectedly rose to 8.1 percent in the first quarter, marking the highest since the first quarter of 2021. The unemployment rate was expected to edge down to 7.8 percent from 7.9 percent in the fourth quarter. The number of unemploye...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.