The unemployment rate in France inched higher to 8.6 percent in the third quarter of 2019 from 8.5 percent in the previous period and above market expectations of 8.4 percent. In metropolitan France only, the unemployment rate edged up to 8.3 percent. Meantime, the employment rate declined 0.1 points to 65.2 percent, while the activity rate decreased 0.3 points to 71.3 percent. Unemployment Rate in France averaged 9.24 percent from 1996 until 2019, 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. source: INSEE, France
Unemployment Rate in France is expected to be 8.10 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 7.60 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.