Overview
- The jobless rate reached 7.7% in the third quarter, up 0.1 percentage point on the quarter, with 2.4 million people unemployed under the ILO definition, an increase of 44,000.
- Insee revised the second-quarter estimate higher to 7.6% from 7.5%, sharpening the picture of a gradual rise over the past year.
- Youth unemployment fell to 18.8% for 15–24 year-olds (-0.2 point q/q), while the rate for people 50 and over rose to 5.1% (+0.3 point).
- Official data also show job destruction, with 60,600 positions lost in Q3 and 112,100 over the year, equivalent to a 0.5% annual decline.
- Administrative counts point the same way, as France Travail recorded a 1.6% quarterly rise and 3.26 million category A jobseekers this summer.