Beau France


France- Following President Emmanuel Macron election, there were high hopes in France that their economy would rise and prosper. According to the French government, unemployment has gone down. The National Institute of Statistics and Economic Studies (INSEE) has contradicted them. INSEE stated that unemployment rose to 9.2% in the first quarter. Youth unemployment rate decreased from 21.60 to 21.50. Chief Investment Officer, Lorne Baring, has said that Europe has been affected all over, not just in France.
                If the unemployment rate keeps increasing, then it is going to keep damaging France’s economy. Not being able to work also hurts the population. Either, people won’t be able to maintain their standard of living, or the standard of living could decrease. People will find ways to sustain their basic needs. For the youth that are unemployed, they can’t pay for college. If they don’t have higher education, then they aren’t able to have high paying jobs in the future. With the information given in the article, France sounds like they are a middle-income country. France is also trying to have a converging economy by providing new policies.
There are protests right now in France against President Emmanuel Macron’s decisions. President Macron has planned to lay off 120,000 public jobs within five years. In my opinion, France is still trying out the new policies to decrease unemployment. But, leaving 120,000 people jobless doesn’t seem like the best move. I can understand that the President is trying to decrease the budget deficit. Both are huge issues that need to be tackled. I believe their  welfare program should be focused more on the poor people and be more strict who can benefit from it. This way people who don’t necessarily qualify for it don’t take advantage of it.



Work Cited

Horobin, William. “French Unemployment Rises to 9.2% in First Quarter.” MarketWatch, MarketWatch, 23 May 2018, www.marketwatch.com/story/french-unemployment-rises-to-92-in-first-quarter-2018-05-23.

Kar-Gupta, Sudip. “French Unemployment Edges Up, Dampening Macron's Hopes.” Reuters, Thomson Reuters, 23 May 2018, www.reuters.com/article/us-france-economy-unemployment/french-unemployment-edges-up-dampening-macrons-hopes-idUSKCN1IO13U.

“'You Can't Buy France!': Thousands Rally against Macron's Planned Mass Lay-Offs.” RT International, RT, 26 May 2018, www.rt.com/news/427866-france-anti-macron-protests/.

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