The unemployment rate in France rises slightly, to 7.4% in the third quarter

The unemployment rate recorded an increase in the third quarter, to 7.4% of the active population in France (excluding Mayotte), compared to 7.2% in the second quarter, according to figures published by the National Institute of Statistics and Economic Studies (Insee)Wednesday November 15. “We could have expected such an increase, given the slowdown in the global economy”immediately declared the Minister of Labor, Olivier Dussopt, in a message sent to the press, affirming to remain “fully mobilized” faced with this increase that he hopes ” punctual “.

In the third quarter, the number of unemployed as defined by the International Labor Office (ILO) increased by 64,000, bringing it to 2.3 million people, details INSEE in a press release. The unemployment rate for the third quarter increases by 0.2 points over one year and returns to its level of the second quarter of 2022, but remains significantly below its peak in mid-2015 (– 3.1 points), said the institute.

Over the quarter, the unemployment rate increased by 0.7 point for 15-24 year olds, to 17.6%, almost to its level a year earlier (–0.1 point). For those aged 25-49, it increased by 0.2 points over the quarter and by 0.3 points over one year, to 6.7%. Finally, for those aged 50 or over, the unemployment rate is stable over the quarter and over one year, at 5.1%. The long-term unemployment rate (at least one year) was also stable over the quarter, at 1.8% of the active population.

THE “halo around unemployment”i.e. people wishing to return to the job market but who are not considered unemployed by the ILO (actually looking for a job and being available to take one), is increasing, ” slightly “ over the quarter (+ 39,000) and significantly over a year (+ 164,000), according to INSEE. Two million people are affected.

The World with AFP

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