The health of the French economy should create jobs in 2019

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The headquarters of the Ministry of Finance in Paris. Flickr CC / Rog1

2019 will be a good year for employment in France despite weak economic growth, according to the National Institute of Statistics and Economic Studies (INSEE), which confirms that the Hexagon resists rather well despite the slowdown in global activity due in part to trade tensions between China and the United States.

By the end of the year, the French economy is expected to create 241,000 jobs, 30% more than last year, while the unemployment rate is expected to fall to 8.3%. Growth would be 1.3% for the whole year, according to the National Institute of Statistics and Economic Studies (INSEE).

🎥The essential of the note of #conjoncture in 2 mn! 👉https: //t.co/oaeUplKwcx pic.twitter.com/PFoKlUFUPf

This level is certainly a little weak but remains above the average of the euro zone. According to INSEE, growth is driven by rising domestic demand, thanks to measures taken by the government to appease the anger of the "yellow vests".

Labor market reforms

Characteristically, this growth is especially richer in jobs. Almost all sectors have been hiring since the beginning of the year, especially that of market services.

The economy is also reaping the fruits of the successive reforms of the labor market initiated since 2015: the CICE, the liability pact, the El Khomri laws and then the latest Emanuel Macron reforms on apprenticeship, training and training. as well as the ordinances reforming the labor code.

The goal of the President of the Republic to reach the threshold of 7% of unemployment before the end of his quinquennium seems achievable if the economy keeps the same dynamic.

►For reading: Unemployment in France at 8.7%, its lowest level in 10 years