The unemployment rate in France stable at 7.1% in the first quarter of 2023

The number of unemployed persons as defined by the ILO fell very slightly in France in the first quarter of 2023 compared to the previous quarter (-7,000), to 2.2 million people. The unemployment rate for the fourth quarter of 2022 has been revised down by 0.1 points compared to the previous estimate. It is now 0.3 points below its level in the first quarter of 2022 and 3.4 points below its peak in mid-2015, specifies INSEE.

Apart from the exceptional period of the first confinement due to Covid-19, when it had experienced a sharp “trompe-l’oeil” drop in the second quarter of 2020, the unemployment rate in France had not been so low since the first quarter. 2008 (7.2%) and the second quarter of 1982 (7.1%), according to the statistics institute.

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Among the age categories, the unemployment rate for young people and those aged 25-49 is stable. The employment rate for 15-64 year olds even increased by 0.3 points to 68.6%. It is 0.6 points above its level in the first quarter of 2022 and at its highest level since INSEE measured it in 1975. But that of the over 50s increased slightly (+0.2 points) to 5.2%, but remains below its level of a year earlier (?0.3 points).

With Reuters (Bertrand Boucey, edited by Matthieu Protard)


Source: UsineNouvelle – Actualit├ęs A la une by www.usinenouvelle.com.

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