France's job market faces decline as layoffs increase

France's job market is showing signs of decline as fears of unemployment rise. A recent poll indicates that one-third of high-growth companies plan to cut staff this year, marking a significant shift from previous hiring trends. The employment rate has contracted for the first time in a decade, particularly affecting younger workers. Although the overall unemployment rate remains stable at 7.3%, corporate bankruptcies and layoffs are increasing, prompting the government to relaunch a furlough scheme. Despite past reforms boosting employment, challenges remain. Young people are struggling to find jobs, and sectors like construction and cosmetics are experiencing notable weakness. Economists are calling for a reassessment of labor market policies to improve participation rates.