The unemployment rate in France unexpectedly edged up to 8.1 percent in the third quarter of 2021 from 8.0 percent in the previous period and above market expectations of 7.8 percent. The number of unemployed people rose by 52,000 to 2.4 million, almost similar to its end of 2019 level, before the health crisis. At the same time, the unemployment rate for people aged 15-24 increased 0.3 points to 20.0 percent while remaining constant for those aged 25 to 49 (at 7.1 percent) and those aged 50 or more (at 5.9 percent). The employment rate increased by 0.5 points to 67.5 percent, the highest level since INSEE measures it according to ILO’s definition and above its pre-crisis level by 0.7 points. The activity rate, meanwhile, went up by 0.6 points to 73.5 percent, also the highest level since the statistics agency measures it according to ILO’s definition and exceeded its pre-crisis level by 0.7 points. source: INSEE, France
Unemployment Rate in France averaged 8.41 percent from 1975 until 2021, reaching an all time high of 10.70 percent in the first quarter of 1994 and a record low of 3.20 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 November of 2021.
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. In the long-term, the France Unemployment Rate is projected to trend around 8.30 percent in 2022 and 8.00 percent in 2023, according to our econometric models.