The unemployment rate in France declined to 7.8 percent in the first quarter of 2020, the lowest level since the three months to December 2008 and below market expectations of 8.4 percent, due to a sharp fall in the number of unemployed declaring themselves available or actively looking for work during the period of lockdown. In metropolitan France only, the unemployment rate stood at 7.6 percent. The rate diminished significantly among persons aged 15 to 24 (-0.7 points) and those aged 50 and over (-0.4 points). The long term unemployment rate dropped to 3.0 percent from 3.2 percent. Meantime, the employment rate was stable at 66 percent, while the activity rate decreased by 0.2 points to 71.7 percent.
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 August of 2020. source: INSEE, France
Unemployment Rate in France is expected to be 8.50 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 10.50 in 12 months time. In the long-term, the France Unemployment Rate is projected to trend around 9.80 percent in 2021 and 9.50 percent in 2022, according to our econometric models.