Over the last three months, 102,500 net job creations have been counted, against 69,500 between January and March, according to INSEE.
After a mixed start to the year, salaried job creations in the private sector rebounded this quarter. According to the latest INSEE data, published on Friday, 102,500 net creations were counted in three months, up 0.5%, a more marked dynamic than that – 0.3% – observed between January and march.
In detail, creations are particularly numerous in the market and non-market tertiary sector, with nearly 100,000 jobs. Conversely, a sign of a slowdown in activity, employment stagnated in agriculture and construction, and increased relatively little – 3,100 new jobs – in industry.
The situation of temporary work, which is also considered an indicator of the health of the labor market, is bleaker: with 17,400 fewer jobs, the sector is experiencing its most marked decline since the start of the health crisis, in 2020. This is also the second consecutive decline, after “seven quarters of consecutive increases“, notes INSEE.
The pre-crisis level exceeded in almost all sectors
Still, the tricolor job market resists the deterioration of the economy. Creations in the tertiary sector remain dynamic, despite inflation, the explosion of energy prices, the war in Ukraine and household concerns. At the end of six consecutive quarters of increase, private salaried employmentexceeds its pre-health crisis level by 3.8% (+754,200 jobs)sum up the national statisticians. Precisely, at the end of June, more than half a million additional jobs – 548,000 – were counted in the market tertiary sector, compared to the end of 2019, 120,000 in the non-market, 91,000 in construction, 19,000 in the interim and 7600 in agriculture. Only industry has still not returned to its pre-crisis level and remains below, around 13,000 jobs.
The momentum in the second quarter remains more marked than in the first three months of the year. In the first quarter, job creation in the private sector had slowed considerably: 66,100 jobs had been counted by Insee, a figure almost twice as low as the last three months of 2021. This 0.3% increase, however, confirmed the strong resistance of the French labor market, despite uncertainty, the war in Ukraine and inflation. “In total, at the end of March 2022 private salaried employment exceeded its level before the health crisis (i.e. end of 2019) by 2.0% (+389,700 jobs)“, qualified the national statisticians in the note published last May.
SEE ALSO – Unemployment: France aims for “full employment” for 2026, according to Bruno Le Maire