Despite a record employment rate, France’s position has deteriorated in Europe


DECRYPTION – The good results put forward by Bruno Le Maire should be compared with the stratospheric bill of “whatever the cost” presidential.

As we approach 1er round of the presidential election, it is fashionable for the macronists to praise the record of the Head of State, whom no one doubts that he will be a candidate for his succession and that he will make the economic situation of France, after two years of health crisis, a focus of his campaign. Record growth in Europe, regained competitiveness, unemployment at its lowest for fifteen years … all indicators, they hammer, are green and push to give five more years in office to the outgoing president. Starting with the employment rate which, Bruno Le Maire repeated on Friday, is at its “Historic high for 50 years”

The Minister of the Economy, whose record of the president is somewhat his own, is telling the truth. At 67.5% in the third quarter of 2021, the employment rate for people of working age, 15-64 year olds, has never been higher. It took 2.5 points in four years and reached, at the end of September, its record since INSEE measured it, ie since 1975. Even in terms of employment rates…

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