Unemployment Insurance sharply revised downwards its surplus forecast for 2024 on Tuesday. The surplus, still forecast at 5 billion euros last September, would ultimately only be 1.1 billion euros, before starting to rise again from 2025.
To finance France Travail (which replaced Pôle emploi on January 1) and France Compétences (vocational training), the Social Security financing law adopted in December provides for less compensation by the State for exemptions from insurance contributions unemployment. Revenues had already been reduced by 2 billion euros in 2023.