Since May 2017, 1.749 million additional jobs have been created, according to INSEE, and 97% of them in the private sector. Drobot Dean – stock.adobe.com
CHRONICLE – The fall in productivity in the French economy is catastrophic.
Put the French back to work and aim for full employment at the end of its second five-year term. This is the priority of Emmanuel Macron who hardly hides it: it is the real justification for the pension reform, even if his inability to convince is staggering.
At this stage, the Head of State can claim tangible results. Since his election in May 2017, no less than 1.749 million additional jobs have emerged, according to INSEE, and for 97% of them in the private sector. Including more than a million since 2019, before Covid-19 (1.163 million exactly). Perfect.
Only problem, working more, it’s good, it is still necessary that the production follows in proportion. But this is far from being the case. In the private sector, which constitutes 84% of French GDP (the rest goes to public administrations), “the growth in market added value between 2019 and 2022 was 0.6% and that of the workforce was 5.1%”, calculated Denis Ferrand, the director of the institute…
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