lowest rate since 1982

2023-05-17 16:24:08

On Wednesday, it was announced that the unemployment rate for the first quarter of 2023 remained “steady” at a low not seen since 1982.

Wednesday, INSEE (National Institute of Statistics and Economic Studies) a press release numbers unemployment for the first quarter of the current year. The opportunity to learn in particular that the rate remained “stable” at 7.1%. And the institute to stress in the process that the number of unemployed has “barely” decreases.

Unemployed in the first quarter of 2023: 7,000 less

More concretely, France has 7,000 fewer unemployed than in the previous quarter. According to the International Labor Office (ILO), the number of unemployed has reached 2.2 million in France. This rate of 7.1% had not been seen since the second quarter of 1982, even if equivalent levels have meanwhile been recorded, such as the 7.2% recorded for the first quarter of 2008.

Men more affected than women

The unemployment affects men more than women, the former being thus concerned at 7.4% and the latter at 6.8%. We can also notice a decline in unemployment among 15-24 year olds. This rate of 16.6% had never been so low since 1989. As for the subject of employment, a record rate of 68.6% was signed by 15-64 year olds, a score which had never been this high since 1975 and the beginning of INSEE measurements.

The number of inactive people on the rise

In terms of inactive people, which involves job seekers who are not available, applicants who are not job seekers and these two categories combined, an increase has been noted. It stands at 4.6% of 15-64 year olds, or nearly two million people. Overall, these results were welcomed by the Minister of Labor Olivier Dussoptwho indicated that efforts to achieve the Full Employment Objective will continue.

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