Jean-Pierre Robin: “Emmanuel Macron faced with rising unemployment”

The Head of State, who knows all about it, cannot ignore it: the spectacular drop in unemployment over the past three years is behind us.

We can expect a significant upturn over the next eighteen months.

Currently at 7.2%, the lowest for 15 years, the unemployment rate (as a percentage of the active population) is very likely to exceed 8% by mid-2024. In its new forecasts of March 20, the Banque de France envisages a

.

The peak would occur in July 2024, at the time of the Olympic Games, at 8.3%, before returning to 8% at the end of 2025. A one-point increase in the unemployment rate represents 300,000 additional job seekers.

Are Banque de France economists predicting a recession in the French economy, due to inflation and the restrictive monetary policy, which would lead to a deterioration in the labor market?

Exactly not.

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