French unemployment at 10-year low

Ag AFPParis: French President Emmanuel Macron received a boost on
Thursday from figures showing unemployment at a 10-year low, but
the 8.7-percent rate is still much higher than in other European
heavyweights.The jobless indicator inched down by 0.1 point from
the same period in 2018 to its lowest level since 2009, the
national statistics institute INSEE said.Macron, a pro-business
centrist, has made cutting unemployment his main domestic priority
and it has fallen — albeit gradually — from 9.4 percent when he
took office in May 2017. One subset that did see a sharp drop this
time was the “halo of unemployment,” which INSEE describes as those
who “wish to work but are ”classed” as being inactive either
because they are not immediately available to work (within two
weeks) or because they are not actively seeking work.” Their number
fell by 89,000 on a 12-month comparison to 1.4 million.
Source: FS – All-News2-Economy
French unemployment at 10-year low