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Canada loses 213,000 jobs, unemployment rate jumps to 9 4%

Students can work for a maximum of 964 hours in any given year in France as long as they have a valid student residency permit and as long as the university they study at has no objections. Lagarde said the French jobless rate was bad but “under the European Union average”, adding that France’s employment “is deteriorating at a slower rate than elsewhere.” Still, Canada’s labor market is faring better now than it did during the first wave of restrictions in March and April, when employment fell by 3 million. A new round of restrictions over the last couple of months in some regions — including stay-at-home orders and curfews — have triggered fresh lay-offs that have stalled the recovery.

Friday’s report wipes out months of gains, leaving employment about 4.5% shy of February’s levels. The country lost 212,800 positions in the month, Statistics Canada said Friday in Ottawa. Either way, people’s willingness to create new businesses has been largely seen as an indicator of the economy’s vitality. Macron is pushing this as one of his biggest wins during his first term, and it could be one of the factors that carry him over the line on April 24. The numbers suggest it has been performing well compared to the world’s other major economies, and surely way better than initially expected when the pandemic hit. Macron seems to have invested the public funds largely derived from increased debt intelligently, trying to make the business environment more attractive for existing and new enterprises – not least those in tech.

  • Now question marks have also been raised about EPR that EDR in building in Flamanville in Northern France.
  • The figure comes two months ahead of a presidential election in which President Emmanuel Macron is expected to seek a second term.
  • This was the highest level since INSEE started measuring this statistic in 2003 and the main reason for the fall of the Q2 unemployment rate.
  • Either way, people’s willingness to create new businesses has been largely seen as an indicator of the economy’s vitality.
  • Losses were entirely in part-time positions, with full-time jobs increasing.

That puts the rate back at its mid-2013 levels , wiping out a year’s modest progress in cutting jobless numbers. The Bank of France said earlier this week that France’s economic activity was 12% lower than normal this month, after the country entered a lockdown to curb the spread of the COVID-19 virus for the second time this year. By Peter Nurse – European stock markets are expected to open higher Tuesday, bouncing after recent losses but worries over a fragile global economic recovery remain high. France is one of the most fashionable countries and ranks 2nd in the entire world.

Weekly Comic: A Big Stage Victory for Macron

Having said that, France already imports more than it exports, and with the French trade deficit recently widening, imports are becoming even more dominant. This is something the next president may well need to tackle as self-sufficiency becomes more of a virtue. Pick your 5 favourite companies, get a daily email with all news updates on them. Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app. Calling the jobs figure “excellent news”, Labour Minister Elisabeth Borne said “nobody thought that we could see such a performance as we emerge from one of the worst crises we’ve known in recent decades”.

In January, Insee reported that France’s economy grew last year at its fastest pace since 1969, enjoying a forecast-busting rebound from coronavirus lockdowns fuelled in part by massive government support. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. ETHRWorld privacy and cookie policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion. By Geoffrey Smith — In the political Tour de France of 2022, Emmanuel Macron has won an important stage victory.

The unemployment rate fell to 7.4% from 8.0% in the previous three months, according to statement. France is the most visited country in the world with more than 90 million people visiting each year. Surrounded by diverse and rich culture, ancient landscapes, the country offers students a strong ground to explore. Students interning can get wide range of opportunities to learn the skills required to make clients from across the globe feel like home while exploring the world-famous gastronomy.

Hollande in India: France badly needs deals, ideologies can wait

Last month, Insee reported France’s strongest annual economic growth in more than half a decade, at seven percent for 2021 after a 7.9 percent plunge in 2020. However, the employment rate, the share of the workforce in work, dipped slightly to 73.3% although it still remained close to its highest level in decades as well. Widely expected to seek second five-year term in an election in April, Macron is heading into the vote with one of the strongest economic track records in generations for an incumbent president. The drop put the rate within reach of a campaign promise Macron made in 2017 to cut unemployment to 7% by the end of his term.

Speaking of retirement, Macron said his country must “progressively raise the retirement age to 65 by the 2030s”. By making the population work longer, France will reduce its unemployment rate to 5 percent, he added. The Yellow Vest Movement raised genuine grievances about the unjust treatment of people on the regional and social periphery. They have forced the government not to increase the taxes further as planned earlier and also made the government realise the people’s discontent.

france unemployment rate

Management- Being home to many Fortune 500 companies and being a country famous for its management schools, jobs in management are readily available in France. The current population of France is around 65,457,901 within which the unemployment rate is around 8% presently. To create more jobs in the country, the French government will hold a meeting focusing on unemployment on January 18, 2012. The unemployment rate jumped to 9.4%, versus 8.8% previously and a forecast of 8.9%. The EU unemployment rate was 6.0 per cent in June 2022, stable compared with May 2022 and down from 7.2 per cent in June 2021. The unemployment rate for women was 6.4 per cent, stable compared with May 2022, as per figures published by Eurostat, the statistical office of the European Union.


“We took note of the increasing number of job seekers which was a direct result of the slowing economic activity,” Labour Minister Xavier Bertrand said in a statement on Monday. According to figures of the labour ministry, 29,900 more jobseekers were reported in November, up by 1.1% month on month and 5.2% year on year. Economists predicted that the French unemployment rate would rise to above 10 per cent in 2010. Losses were entirely in part-time positions, with full-time jobs increasing.

“With Emmanuel Macron we tried something different, we reformed the labour market, we supported apprenticeships, we cut taxes and overhauled the tax system, now the results are there,” Le Maire said on RTL radio. Stubbornly high unemployment has long been the bane of previous French presidents, and Finance Minister Bruno Le Maire called the drop in the fourth quarter a “great victory against resignation and fatalism”. NamePurpose Daily NewsletterReceive daily list of important newsPromo MailersReceive information about events, industry, etc. By Laura Sánchez – The markets today will be closely watching statements from Jerome Powell, Chairman of the US Federal Reserve , and Christine Lagarde, his… The Unemployment Rate measures the percentage of the total work force that is not working, yet actively seeking employment throughout the euro zone’s second largest economy.

france unemployment rate

French unemployment dropped below its pre-Covid level at the end of last year as the economy enjoyed a spectacular rebound from the pandemic gloom, official data showed Friday. The jobless rate fell to 7.4 percent in the fourth quarter of 2021, down 0.6 percentage points from the previous three months, according to statistics bureau Insee. The figure comes two months ahead of a presidential election in which President Emmanuel Macron is expected to seek a second term. The rate is the lowest since 2008 except for the spring of 2020, when many people stopped looking for work as coronavirus restrictions weighed on the economy.

Tourism/Hospitality- Being one of the most popular tourist destinations of the world, France is always ready to hire employees for the tourism/hospitality sector. Energy Management- Being the 2nd largest country for Energy Export, France is in need for employees constantly. It drove up the totaljobdemands to 2.84 million in France’s mainland, the highest level since 1999, reported Xinhua. However, joblessness rose up to 9.1 per cent when it included overseas territories such as the Caribbean islands of Guadeloupe and Martinique, which suffered weeks of strikes over pay earlier this year.

They are angry over the prices at the pump, with the cost of diesel increasing by about 20 percent in the past year to an average of €1.49 per litre. France has remained one of the most reliable partner for India in strategic terms. But now France needs a country like India in two of the crucial areas of this cooperation more than ever on account of economic factors. France Job Market has 200,000 unfilled positions and most of these were owing to the lack of suitably skilled workers. This is a better rate of unemployment for France in the last 10 years.

How To Find Jobs In France While Studying

Get the latest and most useful updates on overseas careers, immigration, travel and visas here. The demand of the clients is there, but its not an explosive market, said Pasquale Pistorio, chief executive officer of STMicroelectronics NV, Europes largest semiconductor maker, in an interview February 22. The company expects the chip market to pick up in the second half of 2005. Edugo Abroad is a leading Europe education consultant established in India with a vision to bring the best opportunities to students who want to study abroad.

Power to the people, Twitter blue tick at $8 per month, says Elon Musk

The country has about 600 local and national mainstream publications, more than 1000 radio stations and over 100 cable, digital, and satellite TV channels. Just like any other country, media in France plays a vital role in the lives of citizens of the country and migrants. Be it a small, medium or large media group, media is spread far and wide. Internships in media gives you as a student variety in work and provides ways to leverage your professional network. Rafale fighter aircraft deal, if its comes through at an early date, will be very good news for France.

With strong fashion culture, the country is a cradle for fashion having the 2nd biggest luxury goods consumer. Fashion designing in France being one of the highest-paying industries, is lucrative and creatively france unemployment rate demanding field for students. The field teaches students managerial skills, gives them opportunities to participate in fashion shows, build a strong foundation in one the fashion capitals of the world.

India has a declared military modernisation programme with a tab of 150 billion USD. French president, among others, need to look for ways to create jobs for some 3.6 million people back home. The cost of crude oil reached a four-month high on Thursday and the euro rose to the highest in six weeks against the dollar February 23, putting pressure on manufacturers profit margins and making exports more expensive. PSA Peugeot Citroen, Europes second-largest carmaker, said February 23 earnings may fall this year because of higher prices for commodities including steel and plastics. France is renowned around the world for its high-quality education system. French Minister of Economy Christine Lagarde said in an interview with a radio program that the French employment situation has deteriorated because the country’s economy is hit hard by the global economic slowdown.

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