The unemployment rate remained almost stable in the fourth quarter of 2022, at 7.2% of the active population in France (excluding Mayotte) compared to 7.3% in the third, according to figures published this Tuesday by INSEE. .
The number of unemployed in the sense of the International Labor Office (ILO) reached 2.2 million people, or 45,000 fewer than in the previous quarter, INSEE said in its press release. The unemployment rate for the 4th quarter is thus 0.3 points lower than its level a year earlier, and 1 point lower than its level prior to the health crisis (end of 2019), the institute specifies.
“This is its lowest level since the first quarter of 2008, if we exclude the one-off ‘trompe-l’oeil’ drop in the second quarter of 2020, during the first lockdown,” notes INSEE. In a December economic report, the institute forecast that “the unemployment rate would remain around 7.3% of the active population until mid-2023.”
Unemployment 4.9 points below its pre-crisis level
In the quarter, the youth unemployment rate (15-24 years) fell one point, to 16.9%. It is 0.4 points above its level at the end of 2021 but 4.9 points below its pre-crisis level. The unemployment rate for 25-49 year-olds remains stable at 6.5%, 0.3 points below its level at the end of 2021. Finally, the unemployment rate for people aged 50 and over barely fell by the quarter (-0.1 point) up to 5%. , 0.7 points below its level a year earlier.
The long-term unemployment rate (at least one year) remains stable at 1.9% of the active population. The “halo around unemployment”, that is, people who want to return to the labor market but are not considered by the ILO to be unemployed (they are actually looking for work and are available to accept it), “barely increased” in the quarter (+0, 1 point), points out the INSEE. In total, 1.9 million people are affected. Regarding the employment rate of 15 to 64 years, it remains stable at 68.3%, remaining at its highest level since it was measured by INSEE (1975).
Source: BFM TV
