French Unemployment Rate Puts Pressure on a Labor-Market Reform

http://www.washingtonpost.com/business/french-unemployment-climbs-to-106-percent-in-q4/2013/03/07/5d09aecc-86f4-11e2-a80b-3edc779b676f_story.html

In the last quarter of last year, France's unemployment rate rose to 10.6%, rising 0.3% from the third quarter of last year. This increase in unemployment along with a decrease in GDP in three of the last 4 quarters is putting pressure on Hollande to implement a labor-market reform. The strong rules that make it difficult to fire workers and employers reluctant to higher will be loosened with this reformation. It will also give companies more flexibility for setting it's working hours and salaries. These new policies will definitely help with France's increasing unemployment rate, but I feel that more needs to be done to combat their issues, as they are moving into a recession. Hollande appears to be responsive to the needs of his nation and it is possible that he might implement further reformations if these do not appear to be adequate.