VIDEO. “The labor market is holding up well,” notes Jean-Pierre Farandou, who speaks of a “satisfactory” drop in unemployment

“The labor market is still resilient” in the face of an “economic situation” and “slowed growth”, “despite this, we have a labor market which is holding up well”, notes Jean-Pierre Farandou, Minister of Labor, Tuesday November 10, guest of the franceinfo morning show. According to figures published by INSEE on Tuesday morning, the unemployment rate was almost stable in the third quarter. It stood at 8.2% of the active population at the end of October, which represents a decline of 0.1 point compared to the previous quarter.

“It’s satisfactory in that regard,” greets the minister, stressing that “the employment rate is increasing.” On the other hand, this figure is up 0.4 points compared to the third quarter of 2025. A boost which "will not damage employment" Also asked about the revaluation of the minimum wage, "the boost that we have decided will not damage employment", assures Jean-Pierre Farandou.

“The Dares (Directorate for the Animation of Research, Studies and Statistics) has estimated the loss of employment of 5,000 to 20,000 jobs which could be affected,” reports the Minister of Labor. A “very marginal” figure compared to the 47,000 people who found work during the third quarter in France, with the very slight drop in unemployment. The increase in the minimum wage announced by the government will be 0.6% at the initiative of the government, in addition to its automatic increase of 1% due to inflation.

The minimum wage will reach around 1,502 euros per month, almost 24 euros more than today. An announcement made the day before, at the end of a social conference in Matignon which brought together unions and employers.

Machine-translated from French