War and Prices Economic outlook - June 2022

Conjoncture in France
Paru le :Paru le29/06/2022
Conjoncture in France- June 2022
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Employment

In Q1 2022, despite the decline in activity, payroll employment continued to increase (+79,000 between the end of December 2021 and the end of March 2022) but less rapidly than in previous quarters. This was the fifth consecutive quarterly increase, with 855,000 payroll jobs being created throughout 2021, more than off setting the 217,000 net destructions in 2020. The increase in payroll employment in Q1 2022 was due mainly to tertiary market employment (+64,000) and non-market (+16,000). All in all, at the end of Q1 2022, payroll employment had settled well above its level at the end of 2019, at 717,000 jobs, or +2.8%. About a third of the increase compared to pre-crisis was due to the dynamism of sandwich contracts, especially apprenticeship contracts. Payroll employment has now exceeded its pre-crisis level in all major sectors of activity (construction, market and non-market tertiary) with the exception of industry. Nevertheless, employees’ working time is less dynamic than the number of jobs. Absences linked to the health crisis (sick leave, isolation, childcare, etc.) contributed to the low per capita productivity at the end of 2021, and this was still the case in spring 2022...

Conjoncture in France

Paru le :04/07/2022