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The unemployment rate almost stable in the 3rd quarter at 8.1%, according to INSEE

2021-11-19T07:15:43.191Z


The number of people looking for a job but not considered unemployed is decreasing. The unemployment rate remained almost stable in the third quarter of 2021 (+0.1 point compared to the previous quarter) to stand at 8.1% of the working population in France (excluding Mayotte), i.e. 2.4 million people, according to figures released Friday by INSEE. This is worse than what the National Institute of Statistics had forecast in its last economic report, in early October, anticipating


The unemployment rate remained almost stable in the third quarter of 2021 (+0.1 point compared to the previous quarter) to stand at 8.1% of the working population in France (excluding Mayotte), i.e. 2.4 million people, according to figures released Friday by INSEE.

This is worse than what the National Institute of Statistics had forecast in its last economic report, in early October, anticipating an unemployment rate of 7.6% in the third quarter.

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Precisely, unemployment "has

fluctuated between 8% and 8.1% since the fourth quarter of 2020, at the same level as in the fourth quarter of 2019, before the health crisis

," says INSEE.

"

This quasi-stability of the unemployment rate in the third quarter of 2021 results both from the strong dynamism of employment and that of the active population, as in the previous quarter

", continues the institute.

Over the past quarter, the unemployment rate increased for 15-24 year olds (+0.3 point) and stabilized for 25-49 year olds and 50 year olds and over, details INSEE.

Compared to the respective pre-crisis levels (end of 2019), it is clearly below for young people (-1.2 point) and almost identical for people of middle age (-0.1 point) and seniors (+0.1 point).

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Regarding 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, it "

decreases markedly

", notes INSEE, with 1, 9 million people in this category, down 175,000 over the quarter.

The long-term unemployment rate is stable.

Among the unemployed, 0.7 million say they have been unemployed and have been looking for one for at least a year.

The long-term unemployment rate stood at 2.4% of the working population in the third quarter of 2021, the same level as in the previous quarter and 0.2 points higher than its level at the end of 2019.

Source: lefigaro

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