The unemployment rate in France increased to 9% in Q3 of 2020, the highest level since Q3 of 2018, from 7.1% in the second quarter and above market expectations of 7.9%. Unemployment data for the first two quarters of 2020 was skewed because of the mid-March to mid-May lockdown, which reduced the number of those technically classified as unemployed since it had been impossible for them to look for jobs. Labour search behaviours resumed in Q3, consequently unemployment rose sharply in Q3 2020. However, the increase in unemployment compared to either Q3 2019 (+0.6 points), highlights a clear deterioration in the labour market. The unemployment rate rose sharply for people aged 25 to 49 years (+2.1 points) and those aged 50 and over (+1.7 points), than among people aged 15-24 years (+0.9 points). Meantime, the employment rate rose 0.9 points to 65.1 percent, while the activity rate increased by 2.2 points to 71.6%. source: INSEE, France
Unemployment Rate in France averaged 8.34 percent from 1975 until 2020, reaching an all time high of 10.80 percent in the second quarter of 1994 and a record low of 3 percent in the first quarter of 1975. This page provides the latest reported value for - France Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Unemployment Rate in France is expected to be 9.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in France to stand at 10.80 in 12 months time. In the long-term, the France Unemployment Rate is projected to trend around 10.20 percent in 2021 and 9.00 percent in 2022, according to our econometric models.