France: a number of unprecedented job creations since year 2000

Nearly 650,000 jobs were created in 2021 according to INSEE, distributed across all sectors, with the notable exception of the industry.

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The French economy, fueled by a growth rate of 7%, created nearly 650,000 jobs in 2021, after a destruction of 315,000 jobs in 2020. We must go back to 2000 (+ 599,000 ) to find such a figure. Consequence, employee employment in the private sector increased by 1.5% compared to the end of 2019, before the COVID-19 crisis.

This improvement affects all sectors of activity, with the notable exception of the industry, with approximately 38,000 jobs less (- 1.2%) in 2021. The tertiary merchant has won 218,900 jobs (+ + 1.8%), construction 65,000 (+ 4.5%). Agriculture is very slightly creative (+ 0.5%).

Interim employment, which resumed in the last quarter after a slower early year, exceeds 8.2% its pre-crisis level. But sustainable employment is progressing too. “The proportion of CDI, which was 48.6% in 2017 and 49.7% at the end of 2019, now reached 50.2%,” explain to the Ministry of Labor.

Effect Partial unemployment

Apprentices have largely benefited from this dynamic: in the private sector, 698,000 learning contracts have been signed in 2021, or 36% more than the previous year and almost twice 2019, according to published figures. Wednesday 2 February, by the Ministry of Labor. Whether they are learning or not, young people have benefited particularly from this “job machine”. Their employment rate, today 34.6%, is five points higher than that of the preliminary crisis, we argue in the entourage of the Minister of Labor, Elisabeth Borne.

“We are surprised not only by the rise in employment, but also by the speed at which the recovery took place,” says Vladimir Placeron, Head of the Employment Department and Activity Revenues INSEE, which see the effect of “whatever it costs”. “Companies have trusted in the support system and in the fact that there would be a quick recovery,” he says. Partial unemployment, in particular, has made it possible to safeguard the bulk of the posts: in the face of the decline in activity related to the crisis, companies have been able to keep their teams and reduce the working time, rather than dismiss.

“The massive use of this device seems to have been paid and is finally less expensive than a strategy where the government would have decided to increase unemployment”, thus concludes the report of the Institute of Public Policy on the ‘impact of the crisis and budgetary measures, published on November 16, 2021. “The balance sheet of the crisis exit is reflected in an increase in the employment rate which, according to our projections, would remain sustainable.”

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/Media reports.