France's jobless rate fell in the last quarter of 2018 to 8.8 percent of the active population, down from 9.1 percent in the previous quarter, the country's national statistics office INSEE announced on Thursday.
Figures have dealt a blow to President Hollande's hopes of turning around the jobs market in the approach to next year's presidential election.
The unemployment rate in France dropped below 10% during the second quarter of this year, and for the first time since 2012, according to figures released on Thursday by the French National Institute of Statistics and Economic Studies (INSEE). The news appears to pave the way for President François Hollande to announce his re-election bid in next year’s presidential elections but, as Martine Orange reports in this analysis of the figures, the slight fall in official jobless numbers cannot mask the grim reality of France’s endemic unemployment.
Second quarter figures show jobless rate in mainland France and overseas territories fell to 9.9%, down for all categories and most notably the young.
The number out of work in France fell by 19,900 in April, giving a boost to President Hollande in his fight to bring down unemployment.
In boost to President Hollande, jobless claims plunged by 60,000 in March in sharpest drop in France since dot.com economic boom of 2000.
Massaging unemployment figures has become a preoccupation for France’s socialist government, as the rising numbers of jobless threaten to put the final nail in President François Hollande’s political coffin ahead of presidential elections next year. The figures are presented in three categories, A, B and C, ranging from those without any professional activity – the official unemployed - to those who have partial jobs. But there are few differences between either section, all facing a desperate daily search for a proper job and liveable income, as illustrated in these four interviews by Mathilde Goanec.
But finance minister says France's deficit was lower in 2015 than expected and that growth is expected to accelerate this year to 1.5%.
Total fell by 27,900 to 3.55 million; President Hollande has said he won’t stand for re-election next year if he doesn’t reduce unemployment.
Some 3.59 million people were actively looking for work in 2015, as figures show a 0.4% rise in employment for December.
Number of people without work in France has risen to 3.59 million but employment ministry says it hopes figure will start to fall in 2016.
Official data showed the biggest monthly fall in the unemployment rate in France since the start of the economic crisis in 2007.
The number of registered job seekers without any employment activity increased in August by 20,000 after slight dip in July.
Former junior minister for urban affairs, who has limited government experience, faces key task of bringing down France's jobless rate.