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2/16, 8:05 AM (Source: TeleTrader)
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French unemployment drops to 8% in Q4 - INSEE

The unemployment rate in France fell to 8% in the fourth quarter of 2020, the country's statistical office reported on Tuesday.

According to INSEE, the number of unemployed people declined by 340,000 in the last three-month period of the previous year to land at 2.4 million.

The fall in unemployment can primarily be attributed to the rise in the employment rate, although a significant number of people also became inactive, contributing to the decrease.

Breaking the News / MD