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Is the French labour market under pressure?
[Le marché du travail français est-il en tension ?]

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  • Rémy Lecat

Abstract

Despite persistent high unemployment, recruitment difficulties have already started to arise in France. The current unemployment rate is approaching its structural level, but wages have been relatively sluggish. These pressures partly reflect temporary effects that are common during periods of intense job creation. In the medium term, more effective vocational training would help to lower the level of unemployment at which these pressures begin to emerge. Malgré un taux de chômage encore élevé, des difficultés de recrutement ont déjà commencé à apparaître en France. Le taux de chômage actuel se rapproche de son niveau structurel, mais les salaires ont été peu dynamiques. Ces tensions reflètent en partie des effets temporaires, usuels quand les créations d’emploi sont fortes. À moyen terme, une formation professionnelle plus efficace permettrait d’abaisser le niveau du taux de chômage à partir duquel des tensions se manifestent.

Suggested Citation

  • Rémy Lecat, 2018. "Is the French labour market under pressure? [Le marché du travail français est-il en tension ?]," Eco Notepad (in progress) 74, Banque de France.
    • Handle: RePEc:bfr:econot:74
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