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The unemployment insurance deficit explodes in 2020 ... but less than expected

2020-10-21T18:01:26.117Z


Unédic expects 420,000 job seekers to receive more compensation in 2020 than last year.The picture is grim, but less than anticipated ... With the massive deployment of short-time working and the unprecedented explosion in the number of job seekers in recent months, the finances of the unemployment insurance scheme will plunge well in 2020 The Unédic, which published its new financial forecasts on Wednesday, expects the regime's annual deficit to be around 18.7 billion euros at the


The picture is grim, but less than anticipated ... With the massive deployment of short-time working and the unprecedented explosion in the number of job seekers in recent months, the finances of the unemployment insurance scheme will plunge well in 2020 The Unédic, which published its new financial forecasts on Wednesday, expects the regime's annual deficit to be around 18.7 billion euros at the end of the year.

A disastrous figure which erases the ambitions of a return to equilibrium in the short term and which smashes the records of the years 2015-2016 which were around 5 billion euros in deficit.

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Unemployment, a key indicator for 2022

However, the forecasts presented on Wednesday are better than those put forward in mid-June.

At the start of the summer, the joint organization expected to see the cash balance of the unemployment insurance post a loss of 25.7 billion euros.

Unédic therefore notes an improvement of 7 billion euros.

“The third quarter was more favorable than expected.

The economic rebound

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Source: lefigaro

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