Tuesday, July 26, 2016

Unemployment still a disappointing month but the trend is downward – The Point

The recovery eases off on the employment front: after a disappointing month of May, the unemployment still increased slightly in June, but without erasing the downward trend in the first six months of the year.

Some 5,400 job seekers without work have joined the ranks of employment center in June, an increase of 0.2% for a total of 3.53 million people in France. This increase was slightly weaker including overseas (+ 0.1%), for a total of 3.78 million people.

Despite two consecutive months of small increases, the indicator declined in France over the first six months of the year (-54,800 or -1.5%) and the year (24,600, -0.7%).

“The trend is clearly downward trend in the first six months of the year,” said the Minister of Labour, Myriam El Khomri, in a statement, adding, “It’s been two consecutive quarters unemployment down, which was not observed since early 2008. “

the decline in the second quarter (5300) however, is not significant because, according to Dares (the statistics service Ministry), Pôle Emploi figures do show a trend that from a quarterly change of 35,000 unemployed.

the increase in the month of June alone is somewhat less marked counting seekers job exerting a small business (+ 0.1%), for a total of 5.43 million in France, with 5.73 million overseas

-. Higher inputs training –

Notably, class D, which brings together people in training, reached a record level, exceeding 300,000 (+ 11.3% in the quarter). In June, nearly 90,000 are out of categories A, B, and C to enter training. They were usually between 40,000 and 50,000 each month before the commencement of the plan of 500,000 additional training for job seekers announced by François Hollande in January.

probable consequence of this rise: the number of long-term unemployed, targeted by the training plane, fell 0.9% on month.

For the second consecutive month, unemployment increased among young people (4,000 registered, or + 0.8%), as well as the quarter (+ 0.6%). But overall reduction year on year (30,000, -5.7%).

The situation of older deteriorates (+ 0.2%) after thinning three months and remains very poor year on year (+ 3.8%).

“the mobilization of the government in the fight against unemployment will grow for the decline is even stronger and faster in the second half,” says Ms. El Khomri

-. ‘It remains winded’ –

for Mathieu Plane, OFCE, increases in the last two months “are a form of adjustment after the sharp decline March and April (79,900 cumulative, Ed), but this does not affect the slight improvement in the first half. “

” it’s still winded, “said the economist.

Philippe Waechter of Natixis, added: “There have been significant improvements in the first quarter and the momentum is much stronger now.” According to the economist, “it is hoped that the macroeconomic data will accelerate and that the risk associated with Brexit and attacks is not too significant. This would regain the pace of the first quarter.”

“Still no inversion of the curve in order,” said FO in a statement, while Hollande has conditioned his candidacy for a second term in 2017 to lower “credible” unemployment. He assured, July 14, that France would find “an inversion of the curve.”

“The improvement is not there yet,” said the CGT, observing that “categories of temporary workers continue to rise.” “While the labor law has just been adopted after a final forced passage, CGT notes that it will increase unemployment and insecurity,” added the center in a statement.

For the Medef the “further increase in unemployment is a call for reform: mired in pseudo-reforms, our country must continue to reduce withdrawals and expenses, simplify the job market, restore competitiveness and confidence.”

07/26/2016 8:21:38 p.m. – Paris (AFP) – AFP © 2016


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