PARIS — France's parliament has passed a package of significant labor reforms Tuesday that the government hopes will help halt rising unemployment and jumpstart the country's stagnant economy.
The bill is one of President Francois Hollande's signature pieces of legislation designed to overhaul the country's notoriously hidebound labor market. It includes measures such as making it easier for workers to change jobs and for companies to fire employees.
Hollande, who is struggling in the polls, hopes the law will help bring down France's 10.6 percent unemployment rate and get the economy moving again. The country's gross domestic product hasn't risen significantly in a year, and France may have already fallen into another recession. GDP contracted 0.3 percent in the fourth quarter of 2012, and data released this week could show it fell again in the first quarter.
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