Unemployment in France
France - UnemploymentThe French electoral season culminated on 18 June with a decisive victory in the legislative elections for Emmanuel Macron who turned the political system on its head after sweeping to power in May. The president’s two-party coalition secured a comfortable majority with 60.6% of the seats in the National Assembly. The former banker and socialist minister now possesses one of the strongest mandates in recent history which will allow him to implement his ambitious reform agenda to rekindle growth in the Eurozone’s second-largest economy. Despite Macron’s strong mandate, the road ahead is uncertain and filled with obstacles. Ambitious reform efforts by the previous administration, such as last year’s labor reform bill, were thwarted by massive street mobilizations. The president faces a tough balancing act between pushing deep-seated reform to foster stronger mid-term growth and avoiding widespread discontent that could dent short-term growth, such as what occurred in 2016.
France - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
France Unemployment Chart
Source: National Institute of Statistics
|Bond Yield||0.82||-1.88 %||Jul 18|
|Exchange Rate||1.16||0.96 %||Jul 18|
|Stock Market||5,173||-1.09 %||Jul 18|
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July 7, 2017
Industrial production swung from a 0.6% month-on-month contraction in April to a strong 1.9% in May.
June 30, 2017
According to preliminary figures released by the National Statistical Institute (INSEE) on 30 June, consumer prices came in flat in June (May: 0.0% month-month).
June 28, 2017
The consumer confidence indicator produced by the National Institute of Statistics and Economic Studies (INSEE) jumped from a revised 103 points reading in May (previously reported: 102 points) to 108 in June.
June 26, 2017
The Markit Flash Composite Purchasing Managers’ Index (PMI) eased from a revised 56.9 (previously reported: 56.6) in May to 55.3 in June, contrasting market analysts’ expectations of a stronger 56.7.
June 23, 2017
According to the third estimate released by the Statistical Office (INSEE) on 23 June, Q1 GDP was revised upwards from a 0.4% seasonally-adjusted quarter-on-quarter expansion to 0.5% (Q4: +0.5% qoq).