The unemployment rate jumped to 9% in the third quarter, an “unprecedented” increase

The unemployment rate increased by 1.9 points in the third quarter of 2020 to stand at 9% of the working population in France (excluding Mayotte), according to figures published this Tuesday, November 10 by INSEE.

France has 2.7 million unemployed, or 628,000 more people over the quarter, between July and September. Over one year, the unemployment rate, measured according to the standards of the International Labor Office (ILO), is up 0.6 points. The rate at 3e quarter is 0.9 points above its pre-health crisis level in the 4e quarter 2019, specifies INSEE.

“There is a minimum old age, there must be a minimum youth”

The figure is in line with the latest forecasts from the Institute. In an economic report at the beginning of October, INSEE predicted that the unemployment rate would reach 9% in 3e quarter then 9.7% at the end of 2020, 1.6 points more than a year earlier.

The reconfinement decided since in the face of the resumption of the Covid-19 epidemic, however, makes the economic forecasts for the end of the year and 2021 complicated.

A rebound “on an unprecedented scale”

The sharp rise in 3e quarter comes after a drop ” trompe l’oeil “ in the two preceding quarters.

Unemployment up 9.5% year on year in the third quarter

In the second quarter, despite the drop in the number of jobs, the unemployment rate fell by 0.7 points to 7.1%. But this figure was linked to confinement that prevented many unemployed people from looking for one. Already in the first quarter, the unemployment rate had fallen by 0.3 points to 7.8%.

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Setbacks inherent in the very definition of the unemployed within the meaning of the ILO, a traditional thermometer measuring the unemployment rate, which defines an unemployed person in particular as a person who has actively sought a job in the previous month.

The rebound in unemployment on the 3e trimester “Is on an unprecedented scale since INSEE measured it (1975) but is partly mechanical, as a consequence of the trompe-l’oeil decrease linked to confinement”, thus indicates INSEE.

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