France’s Official Unemployment Rate Falls to Lowest Level in 13 Years

According to the French statistics office (INSEE), the unemployment rate in France fell to its lowest level since 2008 in 4/21, standing at 7.4%, compared with 8.0% in the previous quarter.

Unemployment rates are the lowest since the third quarter of 2008, with the exception of the first days of the COVID-19 pandemic, when people were unable to find work during the nationwide lockdown.

In 2021, the French economy grew by 7%, the fastest pace in 50 years, which helped support the domestic labor market.

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