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EMPLOYMENT

France’s jobless rate approaches record high

France’s jobless total rose for a 57th consecutive month in February, pushing the number of unemployed up to within a whisker of the record 3.19 million reached in 1997, new figures revealed on Tuesday.

Published: 26 March 2013 18:54 CET
France's jobless rate approaches record high
People queue at a Pole emploi (job centre) in September 2012. Photo: Jacques Demarthon/AFP

The much-anticipated unemployment figures for February were released by the France's Labour Ministry on Tuesday evening, which showed the number of unemployed in the Eurozone's second-largest economy now stands at 3,187,700.

That figure is just 7,800 away from the record of 3,195,500, reached in 1997.

The numbers will come as a major challenge for Socialist President François Hollande, who has pledged to curb the unemployment rate from the current level of more than 10 percent to a single-digit figure by December.

In the last month, France added 18,400 to its jobless ranks – a rise of 0.6 percent since January.

Workers aged over 50 had been worst hit by unemployment in February, according to the ministry.

Tuesday’s statistics also mean that the French economy has been steadily adding to its number of unemployed since May, 2008, making February the 57th consecutive monthly rise in the jobless total.

The latest figures come amid a constant drip of bleak economic news in France. 

In something of a sign of the times on Monday, French Prime Minister Jean-Marc Ayrault announced that 2,000 additional posts had been created at the Pôle Emploi – France’s national employment agency, in order to keep up with the rise in the number of jobseekers.

Earlier in March, the official INSEE statistics agency revealed that France had lost 100,000 private sector jobs in 2012 alone. The same report noted that joblessness had risen to 10.6 percent, its highest rate in almost 14 years. 

A separate INSEE report on March 7th showed the level of unemployment among young people hit 25.7 percent.

Earlier on Tuesday, Ayrault had attempted to send out a rallying cry in advance of this evening's dismal figures, calling for "a united effort on jobs" in France's National Assembly.

The prime minister invited businesses, local communities and associations to pursue different plans to put the country's economy back on track, including using a variety of contract types, to boost hiring.

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ECONOMY

Warning: 6 of the most common scams in France to watch out for

From computer hacking to phone calls, a new report reveals that scams and frauds are unfortunately on the rise in France and the criminals are getting more sophisticated - here are some of the most common frauds to be aware of.

Published: 28 July 2022 11:15 CEST
Warning: 6 of the most common scams in France to watch out for

France’s fraud and financial crime watchdog, Tracfin, has published its annual report, indicating that fraudulent activity has become both more frequent and more evolved in the last year.

The report highlighted the most significant forms of fraud tracked by the watchdog. In particular, it found that CPF (Compte Personnel de Formation) scams represented a significant proportion of the fraudulent activity registered this year. 

These are the scams the report highlighted:

The CPF scam: The Compte Personnel de Formation is available to all employees in France. Essentially, they are given access to money each year for free professional training (€800 for unskilled workers, €500 for full-time, skilled workers).

This is a real, government-backed scheme with a genuine website and app – it’s particularly useful for foreigners in France because the money can be used for French classes. Here’s how it works.

Unfortunately, however, the name is frequently used by scammers and Tracfin director Guillaume Valette-Valla warned that these scams have become more professional, often now involving transnational criminal organisations, particularly those located outside the EU, as well as shell companies that exist to siphon off the public money.

A lot of these scams involve SMS messages and phone calls warning people that they would lose their allowance and urging them to sign up to training courses have become increasingly frequent. These messages often contain fraudulent links asking recipients to enter their personal details onto dodgy websites.

The presence of CPF shell companies dramatically increased in 2021, according to the report. Tracfin received 116 reports of suspicion of shell companies, which is a significant increase from the 10 reported in 2020. 

For CPF fraud overall, the scams racked in accounted for over €43.2 million compared to €7.8 million a year earlier.

READ MORE: Beyond the scams: How to use France’s €500 training budget

The carte vitale scam – if you live in France your carte vitale is a vital document, allowing you to access publicly funded healthcare.

An increasingly common scam is sending a text message or email telling a person that their carte vitale is about to expire, and to click on the link and enter their details to keep it active. This is a scam, the carte vitale does not expire. If you need to make any changes to your card or request a new one if you have lost of stolen it, use your online Ameli account or visit your local CPAM office.

Driving scams – summer is the time of year when thousands of people – both locals and tourists – take to the roads for a trip away, and scammers often prey on drivers.

Some scammers operate at service stations, approaching non-French drivers and spinning them a sob story to try and extort money, while others operate insurance scams by pretending that you have damaged their car. There are also sporadic reports of ‘fake cops’ who try to issue on-the-spot cash fines to cars with foreign number plates.

Driving in France: The common scams thieves try on foreign motorists

Postal scams – it’s a very common experience to get a message from La Poste or a parcel courier telling you that you were out when they tried to deliver a package. Usually you will just need to arrange another time or head to the post office, but beware of text messages or emails telling you that there are outstanding charges for a parcel, with a link to enter your card details.

Couriers do not operate like this and if there are any outstanding postage or customs charges, you pay them in person not via a link in an email or SMS.

Ransomware attacks – France also saw a rise in ransomware attacks – particularly those targeting small businesses.

In 2021, the French National Agency for Information Systems Security (ANSSI) handled 203 ransomware attacks, compared to 192 in 2020 and 69 in 2019. This represents an increase of 194 percent increase in incidents handled in two years. These attacks were predominantly (over 52 percent) targeted at very small, small and medium-sized businesses.

Ransomware attacks are on the rise for two reasons: a lack of digital literacy and security, and an increased specialisation and professionalisation of the criminal ecosystem.

Fraud on government schemes: Tracfin also noted a rise in fraudulent declarations for government schemes, particularly those made available as emergency responses to the Covid-19 crisis.

These were mostly represented by misuse of compensation for short-time work, emergency aid for companies, self-employed people and business owners, and state-guaranteed loans.

Looking forward – the report also warned how NFTs (Non-fungible tokens) could constitute an additional fraud and cybersecurity risk for people across the country.

So far, Tracfin has received reports of scams involving NFTs whose value has been artificially increased (“pump and dump”), NFTs copying or plagiarizing original works without having the copyright or simply fake NFTs that disappear once they are downloaded from a fraudulent website. The watchdog also highlighted that NFTs could eventually be used for tax fraud. 

On top of tracking scams within France, Tracfin was also involved in tracking down the assets of Russian oligarchs after sanctions against Moscow went into place following the invasion of Ukraine, estimating that €1.18 billion worth of financial and non-financial assets have been frozen in France since the beginning of the conflict.

If you are contacted by a company and you are not sure if it is genuine, the French government has compiled a ‘blacklist’ of dodgy companies that frequently try and defraud people – you can find it here.

If you think you may have fallen victim to a scam, particularly if you have shared your banking information, the first step is to contact your bank. You can learn more about what to do in this scenario, HERE. 

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