Unemployment Rate in France Surges to 20-Year High Despite Slight Revision Upward from Previous Quarter”.


France’s Unemployment Rate Holds Steady at 7.5% in Q4 2023

The unemployment rate in France has increased by 29,000 people in the fourth quarter of 2023 compared to the previous quarter, according to INSEE. This is a slight revision upward of the previous quarter’s rate, which was 2.3 million people. The unemployment rate is now at its highest level since 1982 and is 0.4 points higher than its level at the end of 2022.

However, despite this increase, the unemployment rate remains significantly below its peak in mid-2015. In terms of age groups, there were some changes. The unemployment rate for 15-24 year olds decreased by 0.2 points to 17.5%, while that for 25-49 year olds increased by 0.2 points to 7%. The rate for those aged 50 or over remained almost stable at 5%.

The long-term unemployment rate also saw a very slight increase over the quarter to 1.9% of the active population, although it remains slightly lower than its level at the end of

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