Employee employment increased by 0.4 % in the third quarter, with 89,400 jobs created. A rhythm twice higher than that of growth over the same period.
by Béatrice Madeline
The job is definitely good in the face of the looming crisis. Despite sluggish growth (+ 0.2 %), the French economy created 89,400 additional jobs in the private sector in the third quarter, an increase of 0.4 %, twice as high as activity, according to the Provisional figure published by INSEE, Tuesday, November 8. A rhythm which, moreover, does not weaken compared to the first half of the year. Indeed, 93,000 jobs were created in the first quarter (+ 0.5 %) and 88,200 in the second (+ 0.4 %). During the same period, the gross domestic product fell very slightly in the first quarter (- 0.2 %) and increased by 0.5 % in the second.
“The slowdown in employment is much less important than the slowdown in activity”, summarizes Vladimir Passeon, head of the Department of Employment and Revenues of Activity at INSEE. Companies that recruit, a dynamic job market: this is “positive in the short term”, adds the expert. In the longer term, however, the situation is less delightful: it reflects a loss of productivity compared to the pre-crisis (end of 2019) “of two points”, according to the calculations of the INSEE.
Why do the French economy take more jobs to produce the same thing as before the COVVI-19 pandemic? Learning, which weighs for a third of the 2022 job creations, is a track. According to INSEE, “he explains about half of this fall in productivity”. “Apprentices, in fact, are by definition beginners, and above all they work part -time for the company, while they are counted as full -time employees in employment figures”, underlines Mr. Passeon.
Companies continue to hire
Among the other explored tracks is absenteeism, which remains high in certain sectors. Another hypothesis is “money laundering”: the health crisis and the implementation of partial unemployment could have led to declare hidden employees, for health reasons as much as administent and financial. INSEE also questions other long -term explanations, such as the impact of “work orders”.
End of, one thing is certain: companies continue to hire. “We have not yet observed any slowdown in the market, despite the economic environment that deteriorates and international tensions,” confirms David Beaurepaire, boss of the Hellowork recruitment platform, which still counted in September 620,000 offers in line, with even an absolute record of 25,000 permanent contracts.
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