Economy and macroUpdated Yesterday

French unemployment fell to 8.2% in Q3.

The French statistics institute’s figures, as reported by the Saudi Press Agency, put unemployment at 8.2% in the third quarter, down from 8.3% in Q2. That’s a small decline, but it runs against the direction analysts had penciled in: their average forecast was for the rate to climb to 8.4%. Young people saw a similar easing, with unemployment among 15-to-24-year-olds dropping to 21% from 21.5%. Bloomberg framed the result as some relief for an economy close to recession, facing headwinds from protests and budget uncertainty.

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