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Coronavirus: confinement lowers (trompe-l'oeil) unemployment in the second quarter

2020-08-13T08:30:59.070Z


The unemployment rate in France fell by 0.7 points in the second quarter. A drop due, according to INSEE, to confinement which prevented many


Unemployment is down in France by 0.7 point in the second quarter, indicates this Thursday, August 13, INSEE, which underlines a figure in "trompe-l'oeil" because of the confinement. The unemployment rate stands at 7.1%.

"The sharp drop in unemployment within the meaning of the ILO does not reflect an improvement in the labor market but an effect of confinement of unemployed people which outweighs the effect of the increase in the number of unemployed people", explains the Institute. . Already in the first quarter, the unemployment rate had fallen by 0.3 points to 7.8%.

This decline is in fact inherent in the very definition of the unemployed within the meaning of the International Labor Office (ILO). This is a person aged 15 or over who meets the following three criteria: is unemployed during the reference week; is available for work in the next two weeks; has been actively looking for work in the past four weeks or has found a job that begins within three months.

815,000 more people registered with Pôle emploi

Already in the first quarter, the unemployment rate had fallen by 0.3 point to 7.8%. On the other hand, the "halo around unemployment", that is to say the unemployed people who want one, but who do not meet the other criteria of the ILO to be considered as unemployed, "has clearly increased during confinement, mirroring the decrease. unemployment ”, underlines INSEE. In June, it concerned 4.8% of people aged 15 to 64, or + 0.9 point compared to June 2019. In addition, the hourly volume of work fell by 18% over one year in the second quarter.

Still in the second quarter, ie largely during confinement from March 17 to May 11, the number of people registered with Pôle Emploi had jumped by… 815,000 (+ 24%)! Unheard of in the history of these statistical series. This surge marked the halt of three and a half years of constant improvement on the unemployment front. In the second quarter of 2020, there is therefore an average of 5.81 million people registered with Pôle emploi in mainland France, 6.15 million including overseas.

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Source: leparis

All business articles on 2020-08-13

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