French unemployment falls to 9.1%
PARIS–France’s unemployment rate resumed its decline in the second quarter, after rising in first three months of the year.
The unemployment rate in France–the eurozone’s second-largest economy–fell to 9.1% in the quarter ended June 30 from 9.2% for the quarter ending March, national statistics agency Insee said Tuesday.
The drop in unemployment hands French President Emmanuel Macron a talking point as his government pursues an overhaul of the country’s labor laws. The French government has said unemployment remains in a downward trend despite fluctuations from one quarter to another. In the second quarter of 2017, unemployment stood at 9.4%.
While the unemployment rate declined generally in the second quarter, it rose for women over 49 years old and men between the ages of 15 and 24. The rate of long term unemployment–a measure of people who have been job hunting for more than a year–was stable at 3.6%, Insee said.
Write to Sam Schechner at [email protected]
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