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HomeBusinessEmployment: the private sector increased by 3.3%, with 648,200 net job creations

Employment: the private sector increased by 3.3%, with 648,200 net job creations


Lhe private sector recorded 648,200 net job creations over one year at the end of 2021 (+3.3%), exceeding its pre-crisis level by nearly 300,000 jobs, according to the provisional estimate published by INSEE on Friday 4 February. In total, at the end of December 2021, private salaried employment exceeded its pre-crisis level by 1.5% (i.e. +297,300 jobs) at the end of 2019.

In 2020, under the effect of the Covid-19 crisis, some 320,000 jobs had been destroyed in the private sector (-1.6%), after five consecutive years of increase. In the last quarter of 2021, employment in the private sector increased by 0.5% (+106,700), as in the previous quarter. Temporary employment, the compass of the job market, rose sharply in the last quarter (+9.1%, or 71,100 jobs) and exceeded its pre-crisis level for the first time. At the end of 2021, it was 8.2% above its level at the end of 2019 (i.e. +64,500 jobs).

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The tertiary slows down again

Excluding temporary work, salaried employment exceeded its pre-crisis level in all sectors except industry. Industrial employment (excluding temporary workers) increased slightly again in Q4 2021 (+0.2%). However, it had fallen by 1.9% over the whole of 2020 (-56,200 jobs). At the end of December 2021, industrial employment thus remained below its pre-crisis level: – 1.2% compared to the end of 2019 (i.e. – 38,200 jobs).

In the commercial tertiary sector excluding temporary work, private salaried employment slowed down again: only +0.3% (+30,800). Employment in this sector was very affected by the health restriction measures, falling in particular by 2.6% over the whole of 2020 (i.e. – 298,700 jobs). But it rebounded strongly in 2021, increasing in total over the year by 4% (+ 453,100 jobs).

At the end of December 2021, employment in this sector exceeded its level at the end of 2019 by 1.3% (i.e. +154,300 jobs). In construction, private salaried employment (excluding temporary work) stabilized in Q4 2021 (0%). It remains well above its pre-crisis level: +4.5% or +65,000 jobs. Finally, private salaried employment in the non-market tertiary sector fell slightly in 4and quarter (-0.2%). It is 2% above its level at the end of 2019 (i.e. +49,900).


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