France has long prided itself on its generous labor laws, that give workers more security and more perks than in most European countries. But hit by the eurozone crisis and an ageing population, France now needs reform
While the United States unemployment rate fell to an eight-year low last month pointing to a strong labor market, the pace of job creation slowed, reflecting concerns about the health of the US economy.
France's unemployment problem has persisted, turning into an "economic emergency" for the eurozone's No. 2 economy. President Francois Hollande unveiled a package of countermeasures worth billions.
The French justice minister has resigned over contentious legal reforms designed to strengthen security following the Paris terror attacks. President Hollande named a new justice minister who supports the reforms.
French Economy Minister Emmanuel Macron is urging deeper economic liberalization and reforms, saying red tape must be cut to overcome stagnation. He argued over-regulation of labor markets was stifling job creation.
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