The unemployment rate in France fell to 8.5 percent in the second quarter of 2019 from 8.7 percent in the previous period and below market expectations of 8.7 percent. That was the lowest jobless rate since the fourth quarter of 2008. In metropolitan France only, the unemployment rate declined to 8.2 percent, as the number of unemployed decreased by 66,000 to 2.4 million. Meantime, the employment rate was virtually stable at 66 percent, while the activity rate decreased 0.2 points to 72 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.
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. Looking forward, we estimate Unemployment Rate in France to stand at 8.00 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.