FranceLink

As French jobless rate dips Macron expects 'major' results in 2019

The number of unemployed in France fell by 0.8 percent in November to total 3.45 million according to official data released Wednesday, while President Emmanuel Macron said in an interview with Spanish daily El Mundo that he expects 'major results within 18-24 months'.

La rédaction de Mediapart

This article is freely available.

To support Mediapart subscribe

French President Emmanuel Macron said Wednesday he expects his flagship labour reforms to produce major results in terms of creating new jobs by mid-2019, reports Radio France Internationale.

Joblessness was a constant thorn in the side of Macron's socialist predecessor François Hollande, who failed to move the needle much below 10 percent during his single term in power.

Since Macron's election, unemployment has dipped to around 9.6 percent – still about twice that of Britain or Germany and well above the European average of 7.8 percent.

"We can expect major results within 18-24 months," the 40-year-old, elected to a five-year term in May, told the Spanish daily El Mundo.

"The first year of one's term is crucial. That's where you put in place the transformations that will produce real results, on employment as a priority, within two years. That's why I wanted to move fast."

French unemployment is expected to stabilise at around 9.4 percent by mid-2018, its lowest level since early 2012.

Macron promised during his campaign to bring the rate down to seven percent by the end of his term in 2022.

His labour reforms are designed to give employers more flexibility to negotiate pay and conditions with their workers while making it easier and less costly to shed staff.

Read more of this Reuters report published by RFI.