French unemployment rate fell slightly in the first quarter to 10.20% following a downward revised Q4 print of 10.20% from initial estimates of 10.30%. The unemployment rate for Q4 2015 and Q1 2016 mark the lowest unemployment rate since Q2 of 2014. The latest dip in unemployment rate matches that of the European Commission estimates which has forecasted French unemployment rate to average at 10.20% in 2016 and then fall to 10.10% in 2017 marking a 5-year low. Geo-politics and economics however continue to be inter-twined in France. President Francois Hollande had passed a controversial set of labor reforms using a presidential decree making it easier for French businesses to hire and fire employees and simplified labor rules, sparking a wide spread protest among trade unions.
G7 leaders gather in Tokyo
Daily Analysis - 20/05/2016