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Seniors also benefit from good employment figures

2023-05-17T16:58:07.821Z

Highlights: Unemployment rate falls to 7.1% in the first quarter of 2023. It is the lowest level since 1982. There is an increase in non-alternance employment among young people. The share of French people aged 15 to 64 in employment continues to climb and also reaches a record. The rate "increased by 0.3 points to 68.6%. It is 0.6 points above its level in thefirst quarter of 2022 and at its highest level since INSEE measured it ( 1975)," says the Institute.


DECRYPTION - At the lowest in forty years, the unemployment rate fell to 7.1% in the first quarter.


While the executive is trying to renew contact with the unions, received Tuesday and Wednesday at Matignon by Elisabeth Borne, it can rely on the good unemployment figures, the lowest since 1982. Never seen before.

Estimated at 7.1% in the first quarter of 2023, according to INSEE data published Wednesday, unemployment, as defined by the International Labour Office (ILO), has remained "stable" over the last three months. But, after a downward change in estimates in the fourth quarter of 2022, its rate fell from 7.2% to 7.1% of the labor force. A downward adjustment that allows it to reach its lowest level in forty years.

There is an increase in non-alternance employment among young people

Yves Jauneau, Head of the Synthesis and Economics of the Labour Market Division at INSEE

As a result, the share of French people aged 15 to 64 in employment continues to climb and also reaches a record. The rate "increased by 0.3 points to 68.6%. It is 0.6 points above its level in the first quarter of 2022 and at its highest level since INSEE measured it (1975)," says the Institute.

" READ ALSO Macron bets on purchasing power to reconnect with the unions

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Source: lefigaro

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