France: almost stable unemployment rate in the 2nd quarter


(CercleFinance.com) – The unemployment rate as defined by the ILO in France (excluding Mayotte) was almost stable (+0.1 point) in the second quarter of 2022, at 7.4% of the active population, returning to the same level than in the fourth quarter of 2021, according to CVS data from INSEE.

It is 0.8 points lower than before the health crisis (end of 2019). Over the quarter, the unemployment rate increased by 1.3 points among young people, to 17.8%, but remained almost stable among 25-49 year olds (+0.1 point) at 6.7% and fell among 50 years or more at 5.2% (-0.3 points).

The number of unemployed persons as defined by the ILO increased by 29,000 compared to the previous quarter, to 2.3 million people. Among inactive people, 1.9 million want a job without being considered unemployed (halo around unemployment).

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