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Full employment, a goal as vague as it is ambitious


The labor market is considered to be at full employment when the unemployment rate fluctuates between 4 and 5%.

After having seen the unemployment rate in France fall by more than 2 points during his first five-year term, Emmanuel Macron now sets himself the ambition of flirting with full employment by 2027.

An ambitious goal that remains vague as this concept is debated.

If this concept appears in a recurring way in the public debate, nobody can really say where it is located on the scale of unemployment.

And this, for a simple reason: it is the result of a particular state of the labor market and not of the crossing of a well-established threshold.

At Matignon, last March, we also admitted that it was complicated to translate this desire into an exact figure.

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Is France condemned to mass unemployment?

In concrete terms, we can speak of full employment

as soon as cyclical unemployment - linked to economic hazards - and structural unemployment - which represents the mismatch between the qualifications of individuals and jobs - are completely dissipated.

A situation that does not imply the total disappearance...

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Source: lefigaro

All life articles on 2022-05-17

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