en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
    LOGIN HERE!  
Add privatebanking.com as a search provider to your browser  
 
Advanced Search  
Private Banking & Wealth Management search tool 
     
  Search entity  
 
 
Home
       
 
Back
 
French unemployment falls to pre-crisis levels in fourth-quarter, skewed by lockdown Feb 16, 2021
 

PARIS (Reuters) - Unemployment in France fell to pre-pandemic levels in the fourth quarter of 2020, though the data was partially skewed by a six-week COVID-19 lockdown during which jobseekers were unable to register as jobless, the INSEE statistics office said.

Unemployment in the euro zone's second biggest economy fell 1.1 percentage points to 8%, official data showed on Tuesday. That compared with a revised 9.1% in the third quarter and 8.1% in the last three months of 2019.

Unemployment fell fastest amongst 15-24 year olds, and marginally quicker among women than men. The number of workers on a long-term contract edged higher to 49.8% from 49.2% in the previous quarter as some hiring activity resumed, INSEE said.

Before the pandemic struck, President Emmanuel Macron had been chasing a goal of 7% unemployment by the end of his five-year term in 2022. He inherited a jobless rate of 9.5% in May 2017 and set about liberalising the labour market.

 

The French jobless rate stood above 10% throughout the 2012-2017 term of Macron's socialist predecessor, Francois Hollande.



Read full article
 
Source: www.reuters.com
 
  print  
  email to friend  


 
 
Back
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking

 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©