While the news from Germany, China, the U.S., Argentina, and Great Britain reveals weakening economies, the news from France and other parts of Europe seems to be good. One wonders if that will continue if the rest of the world goes into recession.
France's unemployment rate falls again to new 10-year low
(The Local) France's unemployment rate dipped slightly in the second quarter to 8.5 percent, its lowest level in a decade, the national statistics agency Insee said on Wednesday, confirming a moderate downward trend begun in mid-2015.
On the French mainland, the rate fell 0.2 points compared with the first quarter to 8.2 percent, or 2.4 million jobless.
The level stood at 8.5 percent when French overseas territories were included, also down 0.2 points over the first three months of 2019 to the lowest level since 2009.
Figures from the first quarter, released in May, showed unemployment at 8.7, which was itself a 10-year record low.
The fall in the number of jobless mirrors the situation in the wider eurozone, where unemployment fell to an 11-year low of 7.5 percent of May.
Even though unemployment is dropping in France, it still seems to be higher than the official current rate in the U.S.
Approximately 164,000 jobs were created in July 2019, and the national unemployment rate remained at 3.7%, according to the Bureau of Labor Statistics.