Salaried employment: 102,500 net creations in the private sector in the 2nd half

Private salaried employment increased by 0.5% in the second quarter in France, or 102,500 net job creations, according to the provisional estimate of INSEE published this Friday, August 5.

In the first quarter of 2022, the increase in the number of jobs created in the private sector had stalled, with a timid increase of 0.3% (i.e. 69,500 new jobs), which had however exceeded the fall following the Covid pandemic. -19.

In mid-2022, private salaried employment remains above its pre-crisis level at the end of 2019, with 3.8% more jobs (+754,200 jobs).

In detail, temporary work, the compass of the job market, continues its decline that began in the first quarter (-2.1%, or -17,400 jobs), after a first quarter where it had fallen by 1.7% ( i.e. -13,800 jobs). A far cry from the seven consecutive quarters of growth that began at the end of the spring 2020 containment.

But in mid-2022, the interim “remains above its pre-crisis level”, according to INSEE.

Salaried employment in the private sector increased steadily

Excluding the tertiary sector, salaried employment in the private sector increased steadily in the and stabilized in all the other sectors.

The only downside is industry, where job creation remains below its pre-crisis level (-12,000 jobs compared to the end of 2019), despite a slight increase of 0.1% (+ 3,100 jobs) in the second quarter of 2022.

In the merchant sector excluding temporary work, the solid increase in the number of private salaried jobs is confirmed with 0.8% more jobs (+97,300 jobs), after a 0.6% increase in jobs in the first quarter (+ 77,300 jobs).

According to INSEE, “this dynamism explains most of the total increase in private salaried employment”.

The construction sector is stable, where the level of private salaried employment is identical compared to the first quarter of 2022. Compared to 2021, the number of private jobs in construction excluding temporary work exceeds its level by 1.2% ( i.e. 19,300 more jobs), and surpassed its 2019 level by 6.2%, i.e. 91,600 more jobs.

Finally, private salaried employment in the non-market tertiary sector increased more significantly, by 0.7% (+19,500 jobs), again confirming the increase in the first quarter (by +7,600 jobs, or 0.3%).

(With AFP)

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