Unemployment in France

France Unemployment | Economic News & Forecasts

France - Unemployment

Additional fiscal measures unveiled in April appear to have blown wind into the economy’s sails in the second quarter. Domestically, consumer sentiment and, in turn, household spending should have benefited from an announced EUR 27 billion tax cut package over the next five years and sustained labor market tightening. Meanwhile, positive business sentiment should have supported capital investment, although industrial weaknesses in the Eurozone and the looming threat of U.S. tariffs likely took their toll. On the external side, despite sluggish regional demand, the trade deficit narrowed in May. In politics, on 11 July, the upper house approved a 3.0% levy on sales of the largest digital companies operating in the country. Meanwhile, on 18 July, President Macron presented his pensions reform, which proposes raising the retirement age to 64 by 2025, from 62 today, and risks confrontation with unions.

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

Bond Yield-0.180.46 %Jul 31
Exchange Rate1.110.65 %Jul 31
Stock Market5,519-0.29 %Jul 31

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