French Q1 Jobless Rate Falls to a Decade Low of 8.7%


The unemployment rate in France inched lower to 8.7 percent in the March quarter of 2019 from 8.8 percent in the previous period. It was the lowest jobless rate since the first quarter of 2009.

In metropolitan France only, the unemployment rate declined by 0.1 points over the quarter to 8.4 percent in the three months to March, as the number of unemployed decreased by 19,000 to 2.4 million. The unemployment rate increased 2.1 points among young men, but fell 1.4 points among young women.For persons aged 25 to 49, the unemployment rate dropped 0.2 points, while it rose for those aged 50 and over. Among the unemployed, 963 thousand were seeking a job for at least one year. The long-term unemployment rate stood at 3.3 percent in the first quarter, virtually stable from the prior quarter, while declined by 0.3 points over a year.

The employment rate of the population aged 15-64 years was stable in the March quarter, remaining at its highest since early 1980s, and 0.3 points above its early 2018 level. Over the quarter, the employment rate among persons aged 25 to 49 was up by 0.2 points and that among persons aged 50 to 64 remained virtually stable. At the opposite, the employment rate among youth decreased sharply by 0.4 points. Full-time employment rate stood at 54.5 percent in the first quarter. It was virtually stable (up 0.1 points) over a quarter and advanced by 0.6 points over a year, reaching its highest level since 2003 (beginning of the quarterly series). Part-time employment rate was unchanged at 11.7 percent.

About 5.3 percent of the employed were underemployed, meaning that they had a part-time job but wished to work more. This share decreased by 0.4 points compared to the December quarter and 0.8 points over a year. 

The activity rate of people aged 15-64 was stable at 72.3 percent. Quarter-on-quarter, it decreased 0.3 points among youths, was stable for middle-age people and increased 0.3 points among persons aged 50 to 64, in particular among men (up 0.8 points). It was stable among persons aged 55 to 64 (up 0.1 points) over a quarter and sharply increased year-on-year (up 0.7 points).

French Q1 Jobless Rate Falls to a Decade Low of 8.7%


Insee l Rida Husna | rida@tradingeconomics.com
5/16/2019 8:52:01 AM