Cooling Economic Outlook - December 2022
Unemployment
In Q3 2022, the unemployment rate according to the ILO definition remained virtually stable compared to the previous quarter: –0.1 points, to 7.3% of the labour force. Since Q4 2021, it has fluctuated between 7.3% and 7.4%. This relative stability, despite the momentum of the employment figures (+122,000 in Q3 2022 as a quarterly average, after +263,000 in H1 2022), is the result of sustained growth in the labour force too (+105,000 in Q3 2022, after +281,000 in H1). Both the employment rate (68.3%) and the labour force participation rate (73.7%) of 15-64-year-olds rose in Q3 2022 to their highest levels since INSEE has been measuring them (1975). The dynamism of sandwich contracts has contributed to recent increases in these rates but apart from these contracts, both the employment rate and the labour force participation rate are also at their highest level since 1975...
Conjoncture in France
Paru le :06/01/2023