Unemployment in France

France Unemployment | Economic News & Forecasts

France - Unemployment

Economic activity is likely sustaining a solid pace of expansion in the fourth quarter, following a resilient outturn in the third quarter. Household spending appears to have remained the mainstay for growth as the unemployment rate fell in October and consumer confidence reached an over 12-year high in November. That said, country-wide strikes in December—in response to the recent pension reform plans—should restrain consumer spending somewhat. Moreover, capital investment has likely cooled given easing business sentiment, particularly in the manufacturing sector, and exports—while seemingly broadly stable in Q4—may moderate ahead on the imposition of USD 2.4 billion worth of U.S. tariffs starting January 2020. In other news, the government finally unveiled its long-promised pension reform on 11 December, which unifies the current 42 existing regimes into one point-based system. Although the overhaul keeps the retirement age at 62 years, public sector pensions will be calculated according to the less favorable rules of the private sector. Sliding transition rules plan to bring the scheme fully into effect by 2037.

France - Unemployment Data

2013   2014   2015   2016   2017  
Unemployment Rate10.3  10.3  10.4  10.1  9.4  

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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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