The unemployment rate in France fell to 8.8 percent in the fourth quarter of 2018 from 9.1 percent in the previous period and slightly below market expectations of 9.1 percent. It was the lowest jobless rate since the first quarter of 2009. In metropolitan France only, the unemployment rate declined to 8.5 percent from 8.8 percent, as the number of unemployed decreased by 90,000 to 2.5 million. Meanwhile, the employment rate remained at its highest level since the early 1980s and the activity rate was stable at 72.3 percent. Unemployment Rate in France averaged 9.26 percent from 1996 until 2018, reaching an all time high of 10.70 percent in the first quarter of 1997 and a record low of 7.20 percent in the first quarter of 2008.
Unemployment Rate in France is expected to be 8.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in France to stand at 8.10 in 12 months time. In the long-term, the France Unemployment Rate is projected to trend around 6.80 percent in 2020, according to our econometric models.