Saturday, May 21

Economy. Nearly 650,000 jobs created in France in one year: a record

The Covid-19 crisis had led to the net destruction of 315,000 jobs in 2020. Last year, the growth of the French economy – around 7% – not only reversed the trend, but also allowed the private sector to beat job creation records. The latest figures published by INSEE last Friday show a positive balance of 648,000 jobs in 2021. We have to go back to the year 2000 to find such a balance (+ 599,000 jobs).

More than 450,000 jobs for the market sector

In 2021, the biggest job provider will remain the market sector. Wholesale or retail, physical or digital businesses generated 453,100 jobs last year (excluding temporary workers), i.e. 154,300 more than their pre-crisis level at the end of 2019. This sector remains the leading private employer of France, with 12,600,000 employees.

In this sector, temporary work also benefited from economic growth last year, with the creation of 106,000 jobs over the year. Temporary employment even represents “two-thirds of the increase in the commercial tertiary sector in the 4th quarter of 2021”, according to Sylvain Larrieu, head of the Synthesis and labor market conditions division of INSEE.

Agriculture and industry still in the red

Most economic sectors benefit from these job creations, according to INSEE, apart from agriculture and industry. Agriculture lost 1,600 jobs in 2021 (out of a total of 311,000) and industry only gained 18,000 (out of a total of three million). Worse still for the industry, its number of jobs is down sharply from its pre-crisis level, with a net loss of 38,000 jobs, compared to 2019.

Better than pre-crisis level

In its publication, INSEE shows that the job creation balance is not only positive between 2020 and 2021, but also compared to the pre-crisis level. 300,000 additional jobs were thus created in 2021 compared to the end of 2019.

Precautionary jobs?

This record of job creations, however, raises questions about their “content”. The economist Mathieu Plane evokes, thus, a distorting effect of the economic situation. “Health constraints are disrupting businesses and making more people need to do the same thing”.

Compared to the shortage of raw materials and the tensions on the labor market, these very good figures would also find their explanations in the fact that “companies are keeping jobs as a precaution”, according to the economist.

Leave a Reply

Your email address will not be published.