Although overall private salaried employment is on the rise, the progression of salaried employment is slowing down in industry, construction and the commercial tertiary sector.
By VD with AFP
L’Private salaried employment increased by 0.2% in the fourth quarter of 2022 in France with 44,400 net job creations, according to the final estimate published Thursday by INSEE. Compared to the provisional estimate published on February 8, these results are revised slightly upwards. The provisional estimate reported stability in private salaried employment with barely 3,000 net job creations, after seven consecutive quarters of marked increase.
The increase in the third quarter of 2022 was nevertheless almost twice as high (+0.4%, i.e. +87,600 jobs). At the end of 2022, private salaried employment was thus 5.6% above its level at the end of 2019 (+1.1 million jobs). In detail, temporary work, the compass of the job market, increased by 1.1% (+ 8,600 jobs) and exceeded its level at the end of 2019 (+ 4.7%). Excluding temporary work, the growth in salaried employment is slowing down in industry, construction and the commercial tertiary sector.
Stability of employment in all sectors
In the commercial tertiary sector, salaried employment “slowed down significantly” in the fourth quarter, notes INSEE: + 0.1% (i.e. + 17,400 jobs), after + 0.5% in the third quarter (+ 58,000 jobs) . Industrial salaried employment (excluding temporary workers) slowed moderately: +0.2% (+7,600 jobs) after +0.4% in the third quarter. It exceeds its pre-crisis level by 1.6%.
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In construction, employment was stable in the fourth quarter after a slight increase in the third (+0.2%). It is 7.8% above its level of three years ago. Finally, salaried employment in the non-market tertiary sector remained stable in the fourth quarter of 2022 (+2% compared to the end of 2019). Moreover, in the public sector, salaried employment remained stable in the fourth quarter. It is 0.9% higher (ie +55,100 jobs) than its pre-crisis level.