The unemployment rate in France declined to 7.1 percent in the second quarter, the lowest level since the three months to June 1983 and below market expectations of 8.3 percent, due to a sharp fall in the number of jobless persons declaring themselves actively looking for work during the period of lockdown. The unemployment rate fell sharply for people aged 25 to 49 years (-0.8 points) and those aged 50 and over (-1.0 points), but increased strongly for people aged 15-24 years (+1.8 points). The unemployment rate decreased more strongly for women (-1.1 points) than men (-0.3 points). Meantime, the employment rate declined 1.6 points to 64.4 percent, its lowest level since the beginning of 2017, while the activity rate decreased by 2.3 points to 69.4 percent, the lowest since 2007. 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 October of 2020.
Unemployment Rate in France is expected to be 8.00 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 10.00 in 12 months time. In the long-term, the France Unemployment Rate is projected to trend around 9.50 percent in 2021 and 9.00 percent in 2022, according to our econometric models.