France Unemployment Rate Rises to 10.6 Percent in Q4


In the last quarter of 2012, the average unemployment rate in metropolitan France and overseas departments stood at 10.6 percent of the active population, according to a release from the French National Statistics Office.

In metropolitan France only, with 2.9 million unemployed people, 10.2 percent of the active population was unemployed. The unemployment rate increased by 0.3 percentage points quarter-on-quarter. Over a year, it increased by 0.8 points and by 3.4 percentage points for people aged 15-24 years.

The employment rate of the population aged 15-64 years increased by 0.2 percentage points in the fourth quarter of 2012 and stood at 64.1 percent. This rebound comes from people aged 50-64 years: their employment rate was up by 0.5 points from a quarter earlier (+2.1 percentage points year-on-year).
 
In the December quarter of 2012, 5.3 percent of the persons employed were underemployed, rising by 0.1 percentage points. Slack work stood at 0.4%. The unwanted part-time picked up by 0.2 percentage points and stood at 4.9 percent of the employed.

 


INSEE | Nuno Fontes | nuno@tradingeconomics.com
3/7/2013 9:29:03 AM