Unemployment in France

France Unemployment | Economic News & Forecasts

France - Unemployment

Although fourth-quarter economic growth was undoubtedly bruised by last year’s ‘gilets jaunes’ protests, President Emmanuel Macron’s late-year concessions—including raising the minimum wage and cutting some taxes—appeared to contain the political crisis. Despite an improving labor market, consumer confidence plummeted in December amid the demonstrations. Retailers suffered in tandem, with the protests diverting crucial holiday-shopping sales. Moreover, industrial output fell sharply in November; although it ought to have been a one-off, it left the manufacturing sector reeling, nonetheless. In contrast, domestic demand appeared to be carried through year-end by fixed investment, which likely came away unscathed amid tight industrial capacity and despite flailing optimism among manufacturers. Exports, meanwhile, also look to have held up in recent months despite the relative strength of the euro.

France - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate11.3  11.3  11.4  11.1  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 Yield0.530.46 %Feb 14
Exchange Rate1.130.65 %Feb 14
Stock Market5,063-0.29 %Feb 14

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Economic News

  • France: Industrial output rebounds in December

    February 8, 2019

    In seasonally-adjusted terms, industrial output expanded 0.8% in December, contrasting a revised 1.5% month-on-month contraction in November (previously reported: -1.3% month-on-month s.a.).

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  • France: Private-sector activity slips again in January

    February 5, 2019

    In January, the seasonally-adjusted IHS Markit Composite Purchasing Managers’ Index (PMI) fell to 48.2 from 48.7 a month earlier, landing below the 50.0-point threshold and signaling a contraction in private-sector activity. January’s reading reflected weaker services-sector activity, although it was unclear whether these disruptions were brought on by the ‘gilets jaunes’ protests.

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  • France: Inflation slows in January

    January 31, 2019

    On 31 January, the Statistical Institute (INSEE) reported that consumer prices fell 0.5% from a month earlier in January (December: +0.0% month-on-month).

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  • France: Growth steady through year-end despite ‘gilets jaunes’ protests

    January 30, 2019

    France’s economy grew 0.3% quarter-on-quarter and on a seasonally-adjusted basis in the fourth quarter of last year, according to a first estimate released by the Statistical Institute (INSEE).

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  • France: Consumer confidence recovers in January

    January 29, 2019

    Consumer confidence rebounded in January, according to the consumer confidence survey published by the National Institute of Statistics and Economic Studies (INSEE), which climbed 5 points from December’s four-year low to land at 91 points.

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