After the health crisis, how is employment in France? In the second quarter, INSEE calculated 119,400 job losses in the private sector, down from the first quarter, where 497,500 jobs had been destroyed under the effect of confinement. A figure boosted by the interim, with 108,500 jobs created in this sector.
The job market returned to its level of June 2017, with a decline of 2.5% over one year, or -480,000 jobs, recalls INSEE. In market services (industry, construction, commercial services), which are the engine of employment in France, salaried employment fell 0.6% in the second quarter, after -2.8% in the first, i.e. - 3.4% over the semester. This is the largest drop over a half-year recorded since the start of this series from INSEE, carried out from 1970.
Rise in construction, decline in industry
The Institute points out that at the heart of the 2008/2009 crisis, between September 2008 and March 2009, market services (industry, construction, commercial services) had fallen by 1.7%. After an "unprecedented" fall in the first quarter (-40.4%), temporary work rebounded: + 23.1%, or 108,500 creations. Interim started to recover in May, before increasing "markedly" in June. “In mid-2020, however, it remains 27.1% lower (or -214,800 jobs) than its level a year earlier,” said INSEE. Excluding temporary work, salaried employment continued to decline, falling by 1.2% (-227,900 jobs).
In construction, private salaried employment (excluding temporary work) increased by 0.3%, after a drop of 0.4% in the first. Industrial employment, also excluding temporary work, fell again, by 0.8% (-24,300 jobs) compared to the previous quarter, by -1.1% over one year.
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