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France — Unemployment stable at high level

04 June 2010

The latest unemployment figures published last night by the National Institute for Statistics and Economic Research (Insee), reveal that the unemployment rate in France has not changed in Q1 2010 compared to Q4 2009 and has remained stable at 9.5% or 2.7 million job seekers.

In France and the overseas dominions combined, the unemployment rate reached 9.9%.

In the first quarter of 2010, 63.8% of people aged between 15 to 64 years had a job: 49.3% were on permanent contracts whilst 6.4% were contract workers or temporary employees. The total activity rate of people aged between 15 to 64 years was up by +0.3 percentage points to 70.6%.

Youth unemployment (15 to 24 year olds) was down from 24.2% in Q4 2009 to 23% in Q1 2010.

Unemployment among the over 50s was up from 4.9% at the beginning of 2008 to 6.6% in Q1 2010.

Laurent Wauquiez, Secretary of State for Employment, commented "we must not delude ourselves. Companies do not employ 'seniors' because they are too expensive" press agency AFP reports.

To read the full unemployment figures in French language please click here



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