Unemployment in France falls to ten-year low

French unemployment has fallen to its lowest level in 10 years, the national statistics agency said Thursday, providing a boost to under-fire President Emmanuel Macron.

The rate fell to 8.7 percent in the first quarter of the year, down by 0.1 percent from the same period in 2018, and the lowest level since 2009, INSEE said.

Macron, a pro-business centrist, has made cutting unemployment his main domestic priority and it has fallen gradually — but unspectacularly — since he took office in May 2017 when it stood at 9.4 percent.

France has suffered from chronic high unemployment for decades and the jobless rate is still far higher than in Germany and Britain, Europe's other two major economies.

Things nobody is talking about in France

Net creation of private-sector jobs:
Q3 2018 +31,000
Q4 2018 +54,000
Q1 2019 +66,000

Hiring intentions for 2019:
Permanent contracts (CDI) +24%
Temporary contracts (CDD) +8%

— Sophie Pedder (@PedderSophie) May 15, 2019


Photo: AFP

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