The effects of containment are always feel good on the social and economic health of the Hexagon. According to data published by the Insee on Thursday 13 August, the unemployment rate in France has experienced a decline of 0.7 point in the second quarter, falling to 7.1 %. However, according to the statistics agency, it is, in reality, a “decrease in trompe-l’oeil” as that which had been the case in the first quarter of 2020. A situation should be in the containment which has finally put a serious halt to the job search of individuals, in large numbers.
” The sharp drop in unemployment in the ILO sense does not translate to an improvement in the labour market, but a significant effect of confinement of people without employment, which outweighs the effect of increase in the number of unemployed people “, explains the Institute. Already in the first quarter, the unemployment rate declined 0.3 percentage point, to 7.8 %.
hourly Volume of work in lower
This fall is in fact inherent to the very definition of an unemployed person within the meaning of the international labour Office (ILO). He is a person aged 15 years or older who meets the following three criteria : without a job during the reference week ; is available to work in the next two weeks has made over the last four weeks actively looking for employment or found a job that starts in three months.
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Already in the first quarter, the unemployment rate declined 0.3 percentage point, to 7.8 %. On the other hand, the “halo” around unemployment “, that is, persons without a job who want one, but who do not meet the other criteria of the ILO to be considered as unemployed, “has increased substantially during the containment, mirroring the decline in unemployment,” said Insee. In June, it was 4.8% of persons aged 15 to 64 years, + 0.9 point compared to June 2019. In addition, the hourly volume of labour fell by 18 % year on year in the 2nd quarter.
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