The unemployment rate in France edged up to 8.1 percent in the first quarter of 2021, from 8.0 percent in the previous period and in line with market expectations, as the number of unemployed people increased by 18,000 to 2.4 million. The jobless rate was little-changed as a result of both the stability of the employment rate and a persistent withdrawal behavior from the labor market, due to the pandemic crisis and the ongoing coronavirus-induced restrictions. In Q1 2021, the unemployment rate increased for people aged 15-24 (+1.2 points), was almost stable for those aged 25-49 (+0.1 points) and decreased for those aged 50 or more (-0.3 points). Meantime, the employment rate was flat at 66.5 percent, while the activity rate stood at 72.4 percent. 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 July 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. Looking forward, we estimate Unemployment Rate in France to stand at 8.90 in 12 months time. In the long-term, the France Unemployment Rate is projected to trend around 8.50 percent in 2022 and 8.00 percent in 2023, according to our econometric models.