Unemployment insurance benefits will be increased by 2.9% from Friday 1 July. A boost which concerns 2.1 million beneficiaries, announced Unédic in a press release this Thursday, June 30.
Savers facing the specter of “stagflation”
“During the last 5 years, this revaluation has averaged 0.5%. In its decision, Unédic’s Board of Directors took into account the economic context, in particular inflation, and the financial balance of the scheme.”, explains the unemployment insurance management body. Inflation reached 5.8% in June, according to INSEE.
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Nearly 2.1 million people concerned
The minimum allowance increases to 30.42 euros per day, against 29.56 euros currently. The revaluation concerns 95% of job seekers receiving compensation on July 1, ie around 2.1 million people.
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The revaluation of the minimum allowance and the fixed part applies to all the beneficiaries concerned by these parameters from the first day of their revaluation. The increase in the daily reference wages concerns, for its part, the beneficiaries compensated for more than 6 months, or about 1.9 million people. For approximately 200,000 recipients, only the revaluation of the fixed part applies.
Unédic had confirmed in early June its return to the green after the Covid crisis, with a surplus expected this year at 2.5 billion euros.