The unemployment rate in France was at 7.3 percent in the first quarter of 2022, compared with market forecasts and the previous figure of 7.4 percent. The latest reading was the lowest jobless rate since the second quarter 2020, as the number of unemployed people decreased by 18,000 to 2.2 million. At the same time, the unemployment rate for people aged 15-24 increased 0.3 points to 16.3 percent, after a sharp drop in the previous quarter, and those aged 25 to 49 decreased 0.2 percent to 6.6%, while was virtually stable for those aged 50 or more (at 5.6 percent). The employment rate increased by 0.2 points to 68.0 percent, the fresh peak since INSEE measures it according to ILO’s definition. Meanwhile, the activity rate rose by 0.2 points to 73.4 percent from 73.2 percent and was back to its peak level reached in Q3 2021. source: INSEE, France
Unemployment Rate in France averaged 8.40 percent from 1975 until 2022, 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 July of 2022.
Unemployment Rate in France is expected to be 7.60 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 7.40 percent in 2023 and 7.20 percent in 2024, according to our econometric models.