The stable unemployment rate in France, but young people worry: news

The unemployment rate in France remained stable at 7.5% in the second quarter. Therefore, INSEE reported on Friday, but youth unemployment (19%) worries François Bayrou, favorable to an “emergency plan” in their favor.

The number of unemployed in the sense of the International Labor Office. Consequently, looking for a job and immediately available to take it, increased slightly by 29,000 in the quarter to 2.4 million people.

Unemployment in the active population remains “slightly higher” to the 7.1% of the end of 2022, early 2023, its lowest point since 1982, and three points lower than its mid-2015 peak.

This indicator today shows “a form of resilience to the labor market”. Nevertheless, with in particular a employment rate which continues to increase, drawn in particular by the decline in the retirement age, notes Mathieu Plane, stable unemployment rate france, but deputy director of the Department Analysis and forecast of the OFCE.

But at the same time, private salaried employment has lost some 100,000 jobs (-0.4%) compared to spring 2024. However, according to figures published by INSEE on Wednesday but calculated from different data – “two quite different thermometers”, notes the economist to explain such a difference.

Particular point, the unemployment rate of young people aged 15 to 24 decreased by 0.2 points compared to the first quarter, but remains high at 19%, and up 1.2 points over one year.

This increase worries Prime Minister François Bayrou. who called in a video posted Wednesday to an “emergency plan so that we can offer work to a greater number of young people”.

For its part. the Ministry of Labor told AFP that “a series of measures are being launched for stable unemployment rate france, but the start of the school year”, adding that it is a question of “opening the hood and seeing what can be improved concretely and quickly, rather than the big investment of a money that we no longer have”.

– Budgetary measures –

On July 11. the Ministers of Labor, Education and Sports had declared that he wanted to “mobilize more companies” for the discovery of professions from college or even “develop 50,000 places in two years” in work -study training for the first levels of qualification.

Young people take much more time to fit into the labor market in France than in the United Kingdom. Germany, according to a study published in March by the Economic Analysis Council, which depends on Matignon.

Another cause of the lower employment rate in France than in its neighbors, the 55-64 year olds were 61.8% to stable unemployment rate france, but work in the second quarter, 1.7 points more than a year earlier and 0.3 points more than in the previous quarter.

The unemployment rate aged 50 and over remains stable at 4.8% and has dropped by 0.2 points over one year.

The share of permanent contracts in total employment was built from 0.1 point to 51.2% in the second quarter, while that of the self-employed increased from 0.2 points to 9.1%, but “these are not necessarily very good quality jobs” especially in the auto-entrepreneuriat, notes Mr. Plane.

The halo around unemployment. made up of people who want a job but do not seek or are not immediately available, reached 1.9 million people, or 4.4% of the population of 15-64 year olds. It increases slightly in the quarter, by 21,000 people, but decreases by 51,000 people over one year.

The stability of unemployment stable unemployment rate france, but could however be short -lived with the budgetary measures announced by François Bayrou. for 2026 in order to reduce public spending.

These measures will impact “growth, which itself will have an effect on the labor market”, plans Mathieu Plane.

Cups against which unions want to mobilize at the start of the school year. which is also the objective of various and varied calls launched in recent weeks on social networks to “block everything” on September 10.

Posted on August 8 at 12:17 p.m., AFP

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