Unemployed Persons

Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed).
As defined by the International Labour Organization, “unemployed workers” are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work. France unemployment rate was at level of 9.5 % in 2017, down from 10 % previous year. The number of people registered as out of work in France fell by 29.5 thousand, or 0.8 percent, to 3.45 million in November 2017, its lowest level since October 2014.
The number of young unemployed decreased by 9.5 thousand to 0.45 million; that of people aged 25 to 49 went down by 16.2 thousand to 2.08 million; and unemployment among those aged 50 or more dropped by 3.8 thousand to 0.92 million. Compared with the same month of the previous year, registered jobless edged down by 0.1 percent. Unemployed Persons in France averaged 2832.90 Thousand from 1996 until 2017, reaching an all- time high of 3579.50 Thousand in October of 2015 and a record low of 1976.90 Thousand in February of 2008.
A lower number of unemployed persons is considered positive for the economy of France and the Euro, indicating a robust economy. The latest figure is the lowest since the first months of 2016, indicating that there is a strong labor market in France, with a positive impact on economic growth as a larger amount of people working translates in higher consumer spending, increasing the total level of GDP for France.