According to INSEE, the number of unemployed as defined by the International Labor Office (ILO) increased by 29,000 in the fourth quarter from the previous one, reaching 2.3 million people. The unemployment rate is 0.4 points higher than at the end of 2022, the lowest level since 1982. However, it remains significantly below its peak in mid-2015 by three more points.
The unemployment rate decreased by 0.2 points for 15-24 year-olds, increased by 0.2 points for 25-49 year-olds, and remained almost stable for those aged 50 or over. The rate for women barely decreased, while that of men increased slightly. Long-term unemployment rate is also increasing slightly, with an average of 571,000 people declaring to be unemployed and looking for over a year, marking an increase of 33,000 from the previous quarter.
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Despite this recent increase in long-term unemployment rate among those looking for work for over a year, it remains significantly lower than its peak in mid-2015 and its level at the end of 2019.
Overall, these statistics indicate that although there has been some progress in reducing unemployment rates compared to their peak in mid-2015 and their level at the end of 2019