Nearly 100,000 jobs created in France in the third quarter



Private salaried employment rose 0.5% in the third quarter. This represents 96,100 net job creations, according to a provisional estimate published Friday, November 5 by INSEE. The figure is higher than the forecasts for early October (+ 0.3%).

This is the third successive quarterly increase, after + 0.8% and + 1.4% in the first and second quarters of 2021 (i.e. + 153,800 and + 265,100 jobs).

Since the start of the year, the French economy has thus created 515,000 jobs, exceeding its level before the pandemic (i.e. that of the end of 2019) by 0.9% (i.e. 185,600 jobs). additional).

Interim and industry still below their pre-crisis levels

After + 2.4% in the second quarter and + 0.7% in the first, temporary employment, a compass for the job market, continues to recover. It is up + 1.4% (+ 11,200), while still remaining slightly below its pre-crisis level (- 1%, – 7,800 jobs).

Another downside, despite a slight increase in the third quarter (+ 0.1%, as in the second, after + 0.2% in the first), industrial employment was still 1.4% lower at the end of September than it was. was before the pandemic, a shortfall of 45,100 jobs.

In the commercial services sector, after a jump of 2% in the previous quarter, private salaried employment excluding temporary work slows down to + 0.7%. But this sector, severely affected in March 2020 by health restrictions, again exceeded its level at the end of 2019 by 1% (+ 117,900 jobs).

Wage growth below inflation

Likewise, in construction, private salaried employment excluding temporary work stabilized in the third quarter of 2021 (- 0.1%) after five consecutive quarters of increases, which had allowed it to largely exceed its pre-crisis level.

→ INVESTIGATION. Inflation revives the debate on purchasing power

On the salary side, INSEE points out that the basic monthly salary index increased by 0.3% in the third 2021 and by 1.5% over one year. These figures are lower than inflation (+ 0.5% in the third quarter and + 2.1% over one year). They mark a new erosion of the purchasing power of French employees.

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