France is in the midst of transition from a well-to-do modern economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms. The government has partially or fully privatized many large companies, banks, and insurers, and has ceded stakes in such leading firms as Air France, France Telecom, Renault, and Thales. It maintains a strong presence in some sectors, particularly power, public transport, and defense industries
https://www.cia.gov/library/publications/the-world-factbook/geos/fr.html
A high unemployment is not economically sound, whether it is here or in France. PERIOD.