Unemployment in France

France Unemployment | Economic News & Forecasts

France - Unemployment

According to a flash estimate, GDP growth flatlined in quarterly terms in Q1 as a record breaking Covid-19 wave led to a contraction in private spending. Moreover, the external sector was likely weighed on by the breakout of war in Ukraine. Turning to this quarter, business conditions improved in April, after moderating on average in the prior quarter. The composite PMI rose to its highest level since January 2018 due to easing Covid-19 curbs, while business confidence improved in the same month amid a strong increase in order books. Moreover, on 24 April, Emmanuel Macron became the first president to win reelection in 20 years after beating Marine Le Pen in the second round of the presidential elections. Macron is expected to continue with his business-friendly labor market reforms and tough economic sanctions on Russia.

France - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate10.4  10.0  9.4  9.0  8.5  

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France Unemployment Chart


France Unemployment
Note: Unemployment in % of active population.
Source: National Institute of Statistics

France Facts

Value Change Date
Bond Yield0.080.46 %Jan 01
Exchange Rate1.120.65 %Dec 31

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