Unédic, which manages the unemployment insurance scheme, announced the destruction of 230,000 jobs in 2021, due to the coronavirus crisis.

The deficit for the year 2022 will amount to 6.4 billion euros, with a cumulative debt of 70.6 at the end of that year. 

Unédic, which manages the unemployment insurance scheme, announced on Wednesday forecast a deficit of 10 billion euros in 2021, anticipating the destruction of 230,000 jobs the same year, under the effect of the end of aid and 'a "still fragile situation" linked to the coronavirus.

The organization, which presented its financial forecasts for the unemployment insurance scheme for 2022, indicates in a press release that the deficit of the scheme will reach 6.4 billion euros that year.

This would bring the debt to 70.6 billion euros at the end of 2022, after 64.2 billion at the end of 2021 and 54.2 billion at the end of 2020.

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For 2020, the deficit is 17.4 billion, Unédic emphasizing that "it is not the expenditure of unemployment benefit which weighed the most" but that "more than half is attributable to the financing of the partial activity ".

This is covered two-thirds by the State, one-third by Unédic.

Nearly 3 million unemployed people receiving benefits 

In 2021, Unédic "assumes that employment maintenance measures should fade over the course of the year. The end of aid and a still fragile economy would lead to the destruction of 230,000 jobs in 2021" .

The number of unemployed people receiving benefits would thus be "about 2.95 million people at the end of 2021", continues the organization. 

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In 2022, on the other hand, the number of job seekers receiving benefits "would decrease by 125,000 thanks to the 210,000 job creations expected, which would bring the number of unemployed people receiving benefits to around 2.8 million people at the end of 2022. The level of employment would return to its 2020 level (19.4 million) ", adds Unédic.