Unemployment in France

France Unemployment | Economic News & Forecasts

France - Unemployment

GDP nosedived at a record pace in the second quarter as the pandemic dealt a sharp blow to all areas of the economy. Domestic activity was hammered by strict lockdown measures, with household and capital spending plunging significantly. On the external front, a weak global trading environment and disrupted supply chains pummeled exports. Turning to Q3, available data hints at firming activity amid an easing of containment restrictions. Although the composite PMI showed that private sector activity eased somewhat in August from July’s over two-year high, it remained in expansionary territory. Moreover, business sentiment climbed to a five-month high in August, despite the recent surge in new virus cases. In other news, on 22 August, the government confirmed a EUR 100 billion recovery package to reactivate the economy, which will be unveiled in the first week of September.

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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