French Unemployment Rate Improves in Q2 2019

According to data released by INSEE, French unemployment rate declined to 8.5% in Q2 2019 from 8.7% in Q1 2019. This is the lowest level of

EUR/USD

According to data released by INSEE, French unemployment rate declined to 8.5% in Q2 2019 from 8.7% in Q1 2019. This is the lowest level of unemployment France has seen in nearly 11 years.

The figure has beaten economic expectations which were for the unemployment rate to remain steady at 8.7%. The surprising improvement comes as a significant relief to the French economy and government that have been reeling under the effects of the yellow vests protests.

France is Eurozone’s second largest economy, and this positive development has made a slight impact on the Euro so far. At the time of writing, EUR/USD has edged higher to trade at around 1.117.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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