PARIS – France's unemployment rate dropped to a five-year low in the first quarter, as the job market improved for the country's young people.
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The unemployment rate fell to 9.6% in the first quarter of the year from 10% at the end of 2016, national statistics agency Insee said. Unemployment among 15 to 24 year-olds fell to 22.3% from 23.7%.
In mainland France--excluding overseas territories--the unemployment rate fell to 9.3% from 9.7%.
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(END) Dow Jones Newswires
May 18, 2017 01:54 ET (05:54 GMT)