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Unemployment slightly down since Macron's arrival at the Elysée

IN GRAPHICS. The unemployment rate is still far from the president's target of 7% by the end of his term in 2022.

By Maxime Vaudano Posted today at 12h06, updated at 12h09

Unemployment continues to decline. According to the latest assessment of the National Institute of Statistics and Economic Studies (INSEE), the level of employment has returned to its level of 2009. In the last quarter of 2018, 8.8% of the French workforce was unemployed , as defined by the International Labor Office (ILO), which refers.

This figure represents a 1.7 point decline from the record of 10.5% set in 2015. The fall in unemployment registered since that date ran on the presidencies of François Hollande (- 1.1 point in two years) and Emmanuel Macron (- 0.6 points in one and a half years). But the unemployment rate is still far from the goal of 7% set by the president for the end of his term in 2022.

There is another way to measure unemployment, counting the number of people registered at Pôle emploi. Here again, unemployment is rather down, but in a much less spectacular way: the number of unemployed job seekers fell only slightly, by 1.7%, since the beginning of the five-year period. It has even increased by 1.1%, if we also consider the unemployed who work part-time (categories A, B and C).

Maxime Vaudano

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