About the Economy
Employment is dominated by public sector (35%) and services (more than 60%). Institutional change threatens public sector employment. The city is positioning itself as a smart specialisation leader with a focus on 5 areas of excellence: precision agriculture, healthcare prevention, innovative factory, sustainable living spaces and physical and digital traceability (with a focus on digital trust). Clermond Ferrand is home to Michelin headquarters - employing around 12 000 people.
About the Labour Market
The unemployment rate reached 13.1% and there is a youth unemployment rate of 26% and an employment rate of 60.2% – all slightly better than national averages. There is a serious mismatch between the education and training on offer and the skills needed by existing and future employers. Lastly, a lot of students come to university and then leave the city when they have graduated.
About the Digital Economy
Clermond Ferrand is home to 428 digital companies, which employ 3659 people. Michelin is an important player in the city's digital future with its emphasis on open innovation and 'swarming'.