The unemployment rate, within the meaning of the bit, is almost stable, at 7.3 %. The employment rate of young people has been at its highest level since 1991.
For the moment, the labor market continues to look good, despite the recent stopping of growth. In the first quarter, the number of unemployed, within the meaning of the International Labor Office (ILO), reflected 18,000 compared to the last three months of 2021, now located at 2.232 million, according to a note released on Tuesday, May 17, by INSEE. The unemployment rate is “almost stable”, at 7.3 %. This is the lowest percentage since 2008, if we put aside “the punctual decline” in trompe-l’oeil “” which had occurred during the first confinement of 2020, with tens of thousands of people who have stopped looking for a position because of the restriction measures taken at the time.
Everything happens as if the job resisted the brutal slowdown in the activity recorded between early January and end of March, under the effect of several events: invasion of Ukraine, putting the end of companies in China due to the restart of the COVVI-19 epidemic, disorganization of supply chains, etc. Recruitments in the private sector are however a little less dynamic: + 0.3 % in the first quarter, against + 0.6 % from early October to the end of December 2021. This slightest increase shows that certain sectors accuse the blow, especially in the ‘Industry, but we do not assist, at this stage, to a trend reversal.
keen success of learning
Most of the indicators published on Tuesday are well oriented. Thus, the proportion of people aged 15 to 64 who occupy a position has increased again, going to 68 %, which has been a record since 1975 – the year when INSEE began to calculate this ratio. The evolution is also very positive if we tighten the focal length on young people: the employment rate of 15-24 year olds increases from 0.7 points in three months, amounting to 34.6 %, this which represents “its highest level since 1991”. A surge probably linked, at least in part, to the lively success of learning, which the government has supported by granting bonuses to companies that hire within the framework of this device.
Another encouraging data: the share of individuals aged 15 to 29 who are neither in employment nor in a regress training by half a point, at 11.8 %, which corresponds to a low point in eight years ( already reached in the third quarter of 2021).
However, France’s performances are less brilliant than those of other countries. In Germany, the unemployment rate is equal to 3 %. As for the proportion of people aged 15 to 64 who are active, it exceeds the symbolic bar of 70 % in several member states of the Organization for Economic Cooperation and Development (United Kingdom, Sweda, Canada, etc.).
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