The French economy continues to stabilize, where in the third quarter, which market the exit for the economy from the technical recession after two consecutive quarterly expansion, where the past quarter was by 0.3% the economy continues to provide further signs of stability.

The labor data today showed that the sector managed to improve in the past quarter; the ILO Unemployment rate remained unchanged at 9.5% from the originally reported figure for the previous quarter, yet is higher taken into consideration the revision for the previous to 9.4%; nevertheless, the data was impressive if we take into consideration the expectations for a leap to 9.9% as the conditions across the French economy start to stabilize gradually

On the quarter, the change in mainland unemployment was by 13,000 a strong drop from the previous quarter's revised 154 thousand rise in jobless. With the stability finding its way back to the financial sector and the economy, which expanded for two quarters now, companies are capable of supporting their businesses by the improvement in business conditions and their ability to allocate cash as well, which is helping lower the layoffs rate that surged since the beginning of the crisis and leaves the French government with a high unemployment rate to deal with!