The unemployment rate in France fell to 8.8 percent in the fourth quarter of 2018 from 9.1 percent in the previous period and slightly below market expectations of 9.1 percent. It was the lowest jobless rate since the first quarter of 2009. In metropolitan France only, the unemployment rate declined to 8.5 percent from 8.8 percent, as the number of unemployed decreased by 90,000 to 2.5 million. Meanwhile, the employment rate remained at its highest level since the early 1980s and the activity rate was stable at 72.3 percent. Unemployment Rate in France averaged 9.26 percent from 1996 until 2018, reaching an all time high of 10.70 percent in the first quarter of 1997 and a record low of 7.20 percent in the first quarter of 2008.

Unemployment Rate in France is expected to be 8.90 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 8.10 in 12 months time. In the long-term, the France Unemployment Rate is projected to trend around 6.80 percent in 2020, according to our econometric models.

France Unemployment Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-05-23 05:30 AM Unemployment Rate 9.2% 9% 8.8% 9.1%
2018-08-14 05:30 AM Unemployment Rate 9.1% 9.2% 9.2% 8.9%
2018-11-20 06:30 AM Unemployment Rate 9.1% 9.1% 9.2% 9%
2019-02-14 06:30 AM Unemployment Rate 8.8% 9.1% 9.1% 9.1%
2019-05-23 05:30 AM Unemployment Rate 8.8% 8.9%
2019-08-14 05:30 AM Unemployment Rate 8.6%
2019-11-20 06:30 AM Unemployment Rate 8.5%



French Jobless Rate Falls to Near 10-Year Low

The unemployment rate in France fell to 8.8 percent in the fourth quarter of 2018 from 9.1 percent in the previous period and slightly below market expectations of 9.1 percent. It was the lowest jobless rate since the first quarter of 2009.

In metropolitan France only, the unemployment rate declined to 8.5 percent in the fourth quarter from 8.8 percent in the previous period as the number of unemployed decreased by 90,000 to 2.5 million. The unemployment rate strongly decreased among youths (-1.7 points). It also decreased for persons aged 25 to 49 (-0.2 points) and was stable for those aged 50 and over. Among the unemployed, 990 thousand were seeking a job for at least one year. The long-term unemployment rate stood at 3.4 percent in the December quarter, the same as in the previous period and below 3.7 percent a year earlier.
 
The employment rate of the population aged 15-64 years increased by 0.2 points to 66.1 percent in the fourth quarter, its highest level since the early 1980s. Over the quarter, it went up among every age groups. Full-time employment rate rose 0.3 points to 54.4 percent in Q4, reaching its highest level since 2003 (beginning of the quarterly series). Part-time employment rate was stable at 11.7 percent.

About 5.8 percent of the employed were underemployed, meaning that they had a part-time job but wished to work more. This share decreased by 0.2 points compared to Q3 2018, after a similar rise in the previous quarter.
 
The activity rate of people aged 15-64 was stable at 72.3 percent, remaining at the highest level since the series began in 1975. The activity rate was virtually stable among youths and persons aged 25 to 49, but increased sharply among persons aged 55 to 64 (+0.5 points over a quarter), particularly among women. Among inactive people, 1.5 million wished to work without being considered as unemployed according to the ILO definition: they made up the halo of unemployment. The number increased by 32 thousand quarter-on-quarter.


INSEE | Chusnul Ch Manan | chusnul@tradingeconomics.com
2/14/2019 11:03:48 AM



France Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.80 9.10 10.70 7.20 percent [+]
Employed Persons 28184.20 28145.30 28184.20 19530.70 Thousand [+]
Unemployed Persons 3419.20 3410.80 3584.90 1975.90 Thousand [+]
Employment Rate 66.10 65.90 66.10 63.50 percent [+]
Long Term Unemployment Rate 3.40 3.40 5.00 2.40 percent [+]
Youth Unemployment Rate 21.10 21.80 26.20 14.50 percent [+]
Labour Costs 108.20 108.10 108.20 5.90 Index Points [+]
Productivity 118.72 118.44 118.72 20.68 Index Points [+]
Job Vacancies 202.50 242.90 363.80 121.10 Thousand [+]
Wages 2998.00 2956.00 2998.00 1751.73 EUR/Month [+]
Wages in Manufacturing 102.00 101.60 117.90 72.70 Index Points [+]
Minimum Wages 1521.22 1521.22 1521.22 1035.97 EUR/Month [+]
Wage Growth 0.40 0.70 1.00 0.10 percent [+]
Population 67.19 66.95 67.19 45.46 Million [+]
Retirement Age Women 62.00 62.00 62.00 60.00 [+]
Retirement Age Men 62.00 62.00 62.00 60.00 [+]
Labor Force Participation Rate 72.30 72.30 72.30 69.50 percent [+]
Initial Jobless Claims 8.40 -15.10 74.30 -61.70 Thousand [+]
Living Wage Family 1790.00 1750.00 1860.00 1650.00 EUR/Month [+]
Living Wage Individual 1080.00 1050.00 1150.00 960.00 EUR/Month [+]
Manufacturing Payrolls 2772.80 2774.30 5475.10 2768.90 Thousand [+]
Non Farm Payrolls 25173.60 25158.60 25173.60 24298.40 Thousand [+]
Nonfarm Payrolls Private 19403.90 19387.70 19403.90 12409.60 Thousand [+]
Part Time Employment 4711.00 4948.70 4965.70 3802.00 Thousand [+]
Employment Change 0.10 0.10 0.70 -0.50 percent [+]
Full Time Employment 22172.40 21849.30 22172.40 18337.00 Thousand [+]
Government Payrolls 5781.30 5788.70 5806.90 5609.30 Thousand [+]
Wages Low Skilled 1610.00 1580.00 1610.00 1530.00 EUR/Month [+]
Wages High Skilled 3120.00 3460.00 3460.00 3120.00 EUR/Month [+]


France Unemployment Rate

In France, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.80 9.10 10.70 7.20 1996 - 2018 percent Quarterly




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 12.30 Nov/18
Brazil 11.60 Dec/18
Italy 10.30 Dec/18
Argentina 9.00 Sep/18
France 8.80 Dec/18
Euro Area 7.90 Dec/18
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Jan/19
Indonesia 5.34 Sep/18
Australia 5.00 Dec/18
Russia 4.80 Dec/18
South Korea 4.40 Jan/19
United Kingdom 4.00 Nov/18
United States 4.00 Jan/19
China 3.80 Dec/18
Netherlands 3.60 Dec/18
Mexico 3.40 Dec/18
Germany 3.30 Dec/18
Switzerland 2.80 Jan/19
Japan 2.40 Dec/18
Singapore 2.20 Dec/18


Related

Latest