{"id":107154,"date":"2021-02-16T07:49:46","date_gmt":"2021-02-16T07:49:46","guid":{"rendered":"https:\/\/fin2me.com\/?p=107154"},"modified":"2021-02-16T07:49:46","modified_gmt":"2021-02-16T07:49:46","slug":"french-unemployment-falls-to-pre-crisis-levels-in-fourth-quarter-skewed-by-lockdown","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/french-unemployment-falls-to-pre-crisis-levels-in-fourth-quarter-skewed-by-lockdown\/","title":{"rendered":"French unemployment falls to pre-crisis levels in fourth-quarter, skewed by lockdown"},"content":{"rendered":"<figcaption>FILE PHOTO: Martine, a worker, is seen at Plasti-Tremp factory, a family-run business specialized in plastic process, in Menetou-Ratel, France, October 3, 2019. REUTERS\/Charles Platiau<\/figcaption><p>PARIS (Reuters) &#8211; Unemployment in France fell to pre-pandemic levels in the fourth quarter of 2020, though the data was partially skewed by a six-week COVID-19 lockdown during which jobseekers were unable to register as jobless, the INSEE statistics office said.<\/p>\n<p>Unemployment in the euro zone\u2019s second biggest economy fell 1.1 percentage points to 8%, official data showed on Tuesday. That compared with a revised 9.1% in the third quarter and 8.1% in the last three months of 2019.<\/p>\n<p>Unemployment fell fastest amongst 15-24 year olds, and marginally quicker among women than men. The number of workers on a long-term contract edged higher to 49.8% from 49.2% in the previous quarter as some hiring activity resumed, INSEE said.<\/p>\n<p>Before the pandemic struck, President Emmanuel Macron had been chasing a goal of 7% unemployment by the end of his five-year term in 2022. He inherited a jobless rate of 9.5% in May 2017 and set about liberalising the labour market.<\/p>\n<p>The French jobless rate stood above 10% throughout the 2012-2017 term of Macron\u2019s socialist predecessor, Francois Hollande.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/us-france-economy-unemployment\/french-unemployment-falls-to-pre-crisis-levels-in-fourth-quarter-skewed-by-lockdown-idUSKBN2AG0GF\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Martine, a worker, is seen at Plasti-Tremp factory, a family-run business specialized in plastic process, in Menetou-Ratel, France, October 3, 2019. REUTERS\/Charles PlatiauPARIS [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":107153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>French unemployment falls to pre-crisis levels in fourth-quarter, skewed by lockdown - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/french-unemployment-falls-to-pre-crisis-levels-in-fourth-quarter-skewed-by-lockdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"French unemployment falls to pre-crisis levels in fourth-quarter, skewed by lockdown - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Martine, a worker, is seen at Plasti-Tremp factory, a family-run business specialized in plastic process, in Menetou-Ratel, France, October 3, 2019. 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