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

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MNI: FRANCE DATA: Labour Market (Q1 2019) Preview - 06:30 BST
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- ILO Unemployment Rate: Bbg Consensus: 8.7%; MNI Median: 8.7%; Prev (Q4): 8.8%
- France's ILO unemployment rate declined by 0.3pp q/q in Q4 to 8.8% - its
lowest level since early 2009
- Markets expect the UE rate to moderate further in Q1, albeit by a softer 0.1pp
- The employment rate, meanwhile, increased by 0.2pp to 66.1% in Q4 - its
highest level since the early 1980s
- The French labour market is gradually strengthening, with recent data
suggesting that the number of jobseekers declined by 0.7% q/q in Q1...
- ... and showing that more people are securing permanent, full-time contracts
- President Macron recently restated his goal to reduce the UE rate to 7% by the
end of his five-year term in 2022...
- ... however, this would imply a much more rapid reduction in the number of
jobseekers going forward than has been the case so far...
- ... and with slower ec. growth, an acceleration in job creation looks unlikely

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