In 2017, the youth unemployment rate in France experienced a decrease after five years of constant progression. The 2008 economic crisis causes financial troubles in all EU member states, impacting companies and banks. However, studies have showed that the lack of follow-up and the absence of options for young people without diplomas are some of the main causes of youth unemployment in France.
Younger generations are more affected by unemployment
According to the source, the unemployment rate of young French generations reached 20.77 percent in 2018 compared to more than 24 percent two years before. The number appears to be high, as the unemployment rate is the number of unemployed people, available for work, as a percentage of the labor force. If the global unemployment rate of the country increased from 2011 to 2016, it has not reached more than 9.4 percent in 2017. In recent years, younger generations seem to be particularly affected by unemployment in France while the percentage of the working population is decreasing in the country, as well as the median age of this population.
The issue of unemployment in France
France has one of the highest unemployment rates in the European Union. As of January 2019, only Greece, Spain and Italy had a higher unemployment rate than France in the EU. In France, workers seem to be more affected by unemployment compared to employees or managers, while long-term unemployment is more prevalent among the older generations. Thus, for years now, the French government is trying to find solutions to stop the rise of unemployment. The average monthly gross amount of benefits increased slightly since 2011, while the country spent more than 12 million euros for work and employment, which was only the government’s ninth spending area that year.
Youth unemployment rate in France from 2006 to 2019
The source indicates :"the youth unemployment rate is the number of unemployed 15-24 year-olds expressed as a percentage of the youth labor force. Unemployed people are those who report that they are without work, that they are available for work and that they have taken active steps to find work in the last four weeks."
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OECD. (May 19, 2020). Youth unemployment rate in France from 2006 to 2019 [Graph]. In Statista. Retrieved April 13, 2021, from https://www.statista.com/statistics/460548/youth-unemployment-rate-france/
OECD. "Youth unemployment rate in France from 2006 to 2019." Chart. May 19, 2020. Statista. Accessed April 13, 2021. https://www.statista.com/statistics/460548/youth-unemployment-rate-france/
OECD. (2020). Youth unemployment rate in France from 2006 to 2019. Statista. Statista Inc.. Accessed: April 13, 2021. https://www.statista.com/statistics/460548/youth-unemployment-rate-france/
OECD. "Youth Unemployment Rate in France from 2006 to 2019." Statista, Statista Inc., 19 May 2020, https://www.statista.com/statistics/460548/youth-unemployment-rate-france/
OECD, Youth unemployment rate in France from 2006 to 2019 Statista, https://www.statista.com/statistics/460548/youth-unemployment-rate-france/ (last visited April 13, 2021)