Inflation is falling, growth is hesitant Economic Outlook - June 2023

 

Conjoncture in France
Paru le :Paru le26/06/2023
Conjoncture in France- June 2023
Consulter

Unemployment

In Q1 2023, the unemployment rate according to the ILO definition had stabilised compared to the previous quarter, at 7.1% of the labour force. This rate was 0.3 points below its level of Q1 2022 and 3.4 points below its peak in mid-2015; this is its lowest level since Q2 2020, with the exceptional artificial drop during the first lockdown. Equivalent levels were measured in Q1 2008 (7.2%) and Q2 1982 (7.1%). The year-on-year fall is the result of a more vigorous momentum in employment than in the labour force: 514,000 net jobs were created throughout the year for 441,000 additional workers. The rates of employment (68.6%) and activity (73.9%) for 15-64-year-olds were both high in Q1 2023, at their highest level since INSEE has been measuring them (1975)...

Conjoncture in France

Paru le :26/06/2023