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Unemployment rate down to 8.8% in the fourth quarter

Down 0.3 points, the unemployment rate reached its lowest level since 2009, according to INSEE Thursday.

The World with AFP Posted today at 08:21, updated at 08:46

Time to Reading 1 min.

An agency Pôle emploi, January 3, 2019.
A Pôle emploi agency, January 3, 2019. PASCAL GUYOT / AFP

The unemployment rate is down 0.3 points to 8.8% of the workforce in France (excluding Mayotte) in the fourth quarter of 2018, its lowest level since 2009, according to preliminary figures from INSEE published Thursday. February 14th.

In metropolitan France, this rate, measured by the National Institute of Statistics according to the standards of the International Labor Office (ILO), stands at 8.5%, which represents 2.47 million unemployed and 90 000 unemployed less on a quarter.

Over a year, the entire France rate (excluding Mayotte) is down 0.2% and 0.1% in mainland France. This decline was anticipated by INSEE, which foresaw a decline at the end of the year. 2018 ended in a tone similar to 2017, when the rate also fell below 9% in the fourth quarter.

Youth unemployment rate falls below 20%

The youth unemployment rate drops below 20%, to 18.8% in metropolitan France, a decrease of 1.7 points compared to the previous quarter. The long-term unemployment rate is 3.4% of the labor force, as in the previous quarter. It is down 0.3 point over one year and represents about 1 million people who say they have been looking for a job for more than a year. The unemployment rate for those aged 50 and over is stable at 6.1%.

The "Halo around unemployment" is slightly up. These people who want to work but who are not counted because they do not actively seek or are not available immediately were up 32,000 people in the fourth quarter, according to INSEE, a similar level at the end of 2017. Halo is about 1.5 million people.

The share of underemployment, ie people who want to work more, as part-time employees, is slightly up (+0.2 point over the quarter). Finally, the employment rate, that is to say the proportion of 15-64-year-olds who work, increases slightly (+0.2 point) to 66.1%. For the full-time employment rate, this is the "Highest level since 2003" according to INSEE. Note that the figure for the second quarter of 2018 for metropolitan France was revised by INSEE from 8.8% to 8.7%.

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