Home News France’s unemployment rate has dropped to a 12-year low

France’s unemployment rate has dropped to a 12-year low


The number of people registered as unemployed in mainland France declined by 11.1 thousand from the previous month to 2.789 million in March 2023, the lowest since September 2011, indicating that the European employment market remains tight despite the ECB’s aggressive rate hikes. Unemployment among those aged 25 to 49 years declined by 4.4 thousand to 1.625 million, while joblessness among those aged 50 and beyond fell by 5.9 thousand to 791.6 thousand. Meanwhile, the number of people unemployed under the age of 25 declined by 800 to 372 thousand. The number of people registered as unemployed declined by 163.3 thousand in comparison to the same month the previous year.

Source: Trading Economics
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