INSEE has finally revised its estimates upwards. On May 7, the National Institute of Statistics and Economic Studies reported 57,300 net job creations in the private sector (+ 0.3%) between the end of December 2020 and the end of March 2021. According to its final figures published on Thursday , private salaried employment actually grew by 0.5% in the 1st quarter, or 88,800 net job creations.
With public employment almost stabilizing (-2,700 jobs), salaried employment increased overall in the first quarter by 0.3% (+86,100 jobs), after -0.1% (-22,800) in the previous quarter. Private salaried employment remains below its pre-crisis level: at the end of the first quarter, it was 1.2% below its level at the end of 2019 (i.e. -243,400 jobs), while public employment exceeded its pre-crisis level of 0.6% (+33,600). In total, salaried employment is at the beginning of 2021 at a level comparable to that of the beginning of 2019, indicates INSEE.
Interim stabilizes almost
Private salaried employment had experienced a moderate decline of 0.2% (31,100 net destruction) in the 4th quarter of 2020. In the 1st quarter of 2021 and after strong fluctuations in 2020, temporary work, a real compass for the employment market, almost stabilized (+ 0.3%, or +2,400 jobs). But temporary employment was in March 2021 5% below its level at the end of 2019 (-39,600 jobs).
Excluding temporary work, employment is increasing in a number of sectors, but remains below its pre-crisis level in industry and the commercial services sector. In industry, it is almost stable (+ 0.1% in the 1st quarter, or +1,900 jobs), but remains below its pre-crisis level (-1.8% or -55,600 jobs).
On the rise in the tertiary sector
In the commercial services sector, excluding temporary work, salaried employment increased moderately (+ 0.4%, or +47,900), while in construction, it increased markedly (+ 1.4%, or +19,800), by far exceeding its pre-crisis level (+ 3.5% compared to the end of 2019, i.e. +50,800).
Finally, employment in the non-market tertiary sector increased by 0.2% (+17,700). It exceeds its pre-crisis level (+ 1% compared to the end of 2019, i.e. +76,500), mainly in the health sector (+ 3.5% or +55,900 jobs).