France's unemployment reaches high since 2020
Unemployment rates in France rose to 8.3% in the second quarter of 2026, the highest level since late 2020, compared to expectations of 8.2%. This decline in the French labor market reflects the impacts of rising energy prices resulting from the Russian-Ukrainian war and Iran's recent conflict, which hinder the government's efforts to achieve full employment before President Emmanuel Macron's term ends. The increase in unemployment is considered a factor that could enhance the chances of candidates vying to succeed Macron, especially amid criticism of labor market reforms and corporate tax exemptions.
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