Monday, 3 June 2013

France Delays Unemployment Report

Zerohedge reports: "European Propaganda On The Ropes - France Delays Unemployment Report",
We can only imagine that the unemployment data must be so good that the French need a little more time to get positioned for the market's exuberance. It seems the government's statistical agency has proclaimed that:
  • *INSEE WON'T BE ABLE TO PROVIDE FULL 1Q FRENCH UNEMPLOYMENT DATA
  • *INSEE WAS SCHEDULED TO PUBLISH 1Q UNEMPLOYMENT DATA ON JUNE 6
Of course, we are sure this has nothing to do with the nation being near depression (as we discussed here and here most recently) and jobseekers at all-time record highs. It seems 'when the news is bad, "lie"' is trumped by 'when the news is dreadful, "don't report it"'.
France seasonally adjusted unemployment rate stood at 11.0% as of April.  

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