Business & Finance
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The number of unemployed fell by 74,000 in France, down 0.3 points compared to the first quarter to 9.9%, according to the Insee statistical institute.
The unemployment rate finally fell below the 10% mark that the deeply unpopular President Francois Hollande has been targeting. The unemployment rate continues the decline it began in the third quarter of 2015. In one year, the unemployment rate has fallen by 0.5 points.
All ages have benefited from this improvement, but this is even more pronounced among young people (-0.4 points on a quarter), an age group particularly affected by short contracts. However, the fall in the number of jobless is unlikely to work to the benefit of the President’s poll ratings, with 88 percent of voters disapproving of his performance at the start of July.
China's Chimelong Group has participated as a partner in the Monte-Carlo International Circus Festival for the first time ever, deepening the friendship between China and Monaco.
More than 350 economic players came together for the first MEB Members Meeting of the year, during which a full calendar of events for 2020 was unveiled.
Company news will pick up pace this week, with fourth-quarter earnings being published for more than 800 companies. That said, key macro data and economic news will also remain on investors’ watch list.
The Monegasque Department of Labour is taking its commitment to the Extended Monaco programme to the next level with a restructured system for employees and job seekers.