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Pierre Cahuc - French labor market

Country labor market predictions: Pierre Cahuc on the French labor market.

In France, we have a very high unemployment rate, about 9 per cent today, and this very high unemployment rate has been there for a very long time, for several decades.

So, the big challenge is to have lower unemployment, to increase employment, and the way to do this is to improve wage formation, more flexible wages and also to improve recruitment by the firms, meaning to have more flexible labor contracts.

There have been some reforms in these dimensions, but these reforms have been very marginal and we need to do more in this direction, to have a lower unemployment rate.

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