The unemployment rate in France declined to 8 percent in the fourth quarter of 2020, down from a revised 9.1 percent in the previous period and below market expectations of 9 percent, as the number of unemployed people decreased by 340 thousand to 2.4 million. The jobless rate returned to pre-pandemic levels, though the numbers were partially skewed by a six-week lockdown during which jobseekers were unable to register as jobless. Unemployment declined mostly for people aged 15 to 24, followed by those aged 25-49 and those aged 50 or older. Meantime, the employment rate rose 0.6 points to 65.6 percent, while the activity rate dropped again by 0.2 points to 71.4 percent. source: INSEE, France
Unemployment Rate in France averaged 8.34 percent from 1975 until 2020, reaching an all time high of 10.80 percent in the second quarter of 1994 and a record low of 3 percent in the first quarter of 1975. This page provides the latest reported value for - France Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Unemployment Rate in France is expected to be 8.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in France to stand at 8.90 in 12 months time. In the long-term, the France Unemployment Rate is projected to trend around 8.50 percent in 2022 and 8.00 percent in 2023, according to our econometric models.