Decrease in Unemployment Rate in France
The unemployment rate in France decreased by 0.2 percentage points in the second quarter of 2024, dropping from 7.5% to 7.3% of the active population, as reported by the Insee on August 9. This rate according to the International Labour Office (ILO), harmonized at the European level, remains “slightly above its lowest point since 1982,” which was 7.1% reached in the fourth quarter of 2022 and the first quarter of 2023, as specified by the National Institute of Statistics.
Confirmation of the Trend
This trend is in line with observations from France Travail, which also noted a decrease in the number of job seekers in category A in the second quarter (-0.4%), reducing their number to 3.01 million. Including those in reduced activity (categories B and C), the total number of job seekers stands at 5.389 million. It decreased by 0.2% in the second quarter and increased by 0.8% over the year, according to the Ministry of Labor’s Statistics Department (Dares).
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Conclusion
The labor market in France shows signs of improvement with the decrease in the unemployment rate, although it remains slightly above recent lows. The efforts to stimulate employment and reduce joblessness seem to be yielding some positive results, as indicated by these recent statistics from various official sources.
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