The UNEDIC (unemployment insurance) is less pessimistic than before. It now provides over 509,000 unemployed in France in 2009 (639,000 in its previous estimate in May). The unemployment rate should rise and 9.7% at the end of this year and 10% in late 2010, according to new forecasts released on Wednesday.
The projections for this year join those published in early October, the INSEE, which however did not give a figure for the end of next year. In the second quarter of this year, the unemployment rate was 9.1%.
According to a statement released Wednesday Unedic, the number of job seekers, after a sharp rise in 2008, would increase this year of 509,000 (including those engaged in a reduced or exempted from seeking employment because of their age ), including 328,000 compensation.End of August, France had a total of 3.7 million job seekers (including those engaged reduced).
The projections, detailed Wednesday in an office monthly Unedic are established on the basis of a GDP decline of 2.2% this year, followed by an increase of 1.1% in 2010.
In 2009, the economy will continue to destroy more jobs than it creates employees, but to a lesser extent than anticipated previously.The unemployment insurance system now expects "a contraction in employment of 413,000 jobs in 2009, while waiting earlier net loss of 591,000 jobs this year employees.
In 2010, estimated Unedic, "wage employment would register a decline of 75,000 jobs, almost two times less than the 133,000 net job losses employees previously expected.
Given these prospects improved, the financial situation of unemployment insurance will deteriorate less strongly than previously expected. The plan should acknowledge the end of 2009 an annual deficit of 902 million euros and not more than 1.3 billion euros as anticipated in late May and end in 2010 a deficit of 3.6 billion euros.
The deficit accumulated in recent years, reduced to 4.9 billion euros in late 2008, would increase slightly less, and would amount to -5.9 billion euro in late 2009 and -9.5 billion euros at end 2010 .