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MNI: FRANCE DATA: Labour Market (Q1 2019)............>

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MNI: FRANCE DATA: Labour Market (Q1 2019)
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- ILO Unemployment Rate: 8.7%; Prev (Q4): 8.8%
- France's ILO unemployment rate declined by 0.1pp q/q in Q1 to 8.7%, in line
with market expectations
- The UE rate is now 0.5pp below that at the beginning of 2018 and at its lowest
level since early 2009
- The employment rate, meanwhile, held steady at 66.1%, remaining at its highest
level since 1980
- Permanent contract employment remained stable on the quarter at 49.5% (up
0.3pp on the year)
- The full-time employment rate stood at 54.5% in Q1 - up 0.1pp on the quarter
and 0.6 pp on the year
- The data adds to a picture of a gradually strengthening labour market...
- ... however, with slower growth & an uncertain global outlook, any further
declines in the UE rate are likely to remain relatively subdued in the near-term

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