France Jobless Rate Edges Down To 10.0% In Q4


Unemployment rate in France fell slightly to 10.0 percent in the three months to December of 2016, compared to an upwardly revised 10.1 percent in the September quarter while market expected 9.7 percent.

In metropolitan France only, with 2.8 million people, 9.7 percent of the active population was unemployed, down slightly from 9.8 percent in the previous three months. The unemployment decreased among youths and persons aged 50 and over while it increased for men aged 25 to 49. Compared to the previous year, it dropped by 0.2 percentage points. Among inactive people, 1.5 million wish to work but they are not considered as unemployed (unemployment halo). The number of people in the unemployment halo rose 21,000 quarter-on-quarter in the December quarter and up by 65,000 over a year.

In the December quarter, the employment rate of the population aged 15-64 years stood at 64.7 percent, up 0.1 percentage points compared to the third quarter. Permanent employment rate for people aged 15-64 came in at 48.7 percent, up by 0.2 percentage points quarter-on-quarter and by 0.1 percentage points year-on-year. Meanwhile, fixed term and temporary contracts employment rate stood at 7.5 percent, up 0.1 percentage points from the previous quarter and over the year.

The activity rate of people aged at 15-64  stood at 71.7 percent in the fourth quarter, the same as in the prior quarter but up 0.1 percentage points from the December quarter 2015.

About  6.2 percent of the persons employed were underemployed, decreasing by 0.1 percentage points over the quarter. Slack work stood at 0.2 percent of the persons employed. 

Insee l Rida Husna | rida@tradingeconomics.com
2/16/2017 6:55:02 AM