All about France private employment - Salaried employment continues to grow in the private sector with 93,000 net new jobs in the 2nd quarter.
In the first quarter, private wage employment increased by 0.4%.
Private employee employment increased by 0.5% in the second quarter in France, or 93,000 net job creations, according to the final estimate published this Thursday by Insee. Compared to the provisional estimate published on August 5, these results are slightly down (-9,500 jobs) compared to the first quarter, but the relative evolution remains unchanged (+0.5%).
France private employment
In the first quarter, private salaried employment increased by 0.4% (+88,200). In total, at the end of June 2022, private wage employment exceeds its pre-health crisis level, at the end of 2019, by 3.8%, or +767,400 jobs. With public employment, the increase was +3.2% or +832,000 jobs.
In detail, in the second quarter, temporary employment, the compass of the job market, fell by 2.5% (-20,500) after a decline of 1.9% in the first quarter (-15,800). However, temporary employment remains slightly above its level at the end of 2019 (+1.6%). In the commercial service sector, excluding temporary employment, private salaried employment continued to increase markedly in the second quarter: +0.8% or +93,200 jobs, after +0.7% in the previous quarter.
France private employment data
This dynamism explains most of the increase in total salaried employment, both in the quarter and over a year. The accommodation and catering sector contributed the most to the overall increase over the quarter (+29,800 jobs). Industrial employment (excluding temporary employment) increased by 0.3% in the second quarter of 2022 and by 1.1% year-on-year. It is thus returning to its pre-crisis level (+0% compared to the end of 2019).
In construction, salaried employment was stable in the second quarter of 2022, at a level 6.3% higher than at the end of 2019. Finally, salaried employment in the non-market tertiary sector barely increased in the second quarter of 2022 (+0.1% or +12,300 jobs), bringing the increase to +0.5% year-on-year and +2.1% compared to the end of 2019.
# France private employment #
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UK: Liz Truss announces massive aid to boost economy
The new Prime Minister has announced a massive aid package for households and businesses in the face of soaring energy costs.
Two days after receiving the keys to Downing Street, Liz Truss unveiled a massive aid package for households and businesses on Thursday in the face of soaring inflation and energy prices. The new Prime Minister, a Thatcherite-leaning conservative, has at the same time announced tax cuts to stimulate an economy promised to recession at the end of the year. 20 Minutes takes stock. on these support measures, which will cost a lot of money, several media outlets mention 150 billion pounds.
The new British Prime Minister Liz Truss unveiled a two-year energy price freeze for individuals on Thursday. The bills for an average household will be capped at 2,500 pounds per year. The measure corresponds to a saving of about 1,000 pounds per year compared to the price increases that were expected on October 1, said Liz Truss, who was speaking before Parliament. The latter also announced blocking energy prices for six months for companies.
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However, the cocktail of massive direct aid and tax cuts is scaring the markets, which fear another serious slippage in public finances after the pandemic.
The new government's plan also includes lifting the moratorium on hydraulic fracturing and the possible extraction of shale gas and oil in the country, a highly controversial technology with disputed benefits. The previous Prime Minister, Boris Johnson, had himself questioned the impact of "fracking" on energy prices with renewables now cheaper than hydrocarbons.
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