Emmanuel Macron came close to keeping a campaign promise that some considered impossible to achieve in 2017 ... namely to reduce the unemployment rate to 7% of the working population in 2022, unheard of since 1983. At the end of June, the entire France indicator (excluding Mayotte) fell back to 7.1%, posting a drop of nearly two points in two and a half years.
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Even at the beginning of 2008 before the financial crisis, Nicolas Sarkozy had not achieved such a feat, unable to pass below the 7.2% mark.
Even if the drop of one point in six months recorded in early 2020 is a sham, made artificial by the restrictive definition of the unemployment rate within the meaning of the International Labor Office (ILO) applied by INSEE.
But that was before the Covid-19 crisis which completely reshuffled the cards.
Exit now is the return to full employment and a low of 7% in 2022. According to the language of the Rue de Grenelle, the target in 2017 has changed
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