Unemployment in France

France Unemployment | Economic News & Forecasts

France - Unemployment

The 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

2011  2012  2013  2014  2015  
Unemployment Rate9.2  9.8  10.3  10.3  10.4  

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France Unemployment Chart

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

France Facts

Bond Yield0.82-1.88 %Jul 18
Exchange Rate1.160.96 %Jul 18
Stock Market5,173-1.09 %Jul 18

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