Job creation accelerated in the first quarter

job creation remained strong in the first quarter. According to the latest figures from the Insee, 93.800 positions were created between January and march. This

Job creation accelerated in the first quarter

job creation remained strong in the first quarter. According to the latest figures from the Insee, 93.800 positions were created between January and march. This is the highest level since the fourth quarter of 2017. This number, up 0.4%, marks an acceleration compared to the last quarter of the year 2018 where the Insee recorded 69.800 new jobs (+0.3 percent). It is in the private employment increased the most significantly (+92.800 after +67.900), while it remains almost stable in the public service (+1000 after +2000). On a year basis, payroll employment shows an increase of 218.600 positions (+0.9 percent) whose 225.400 creations in the private and 6800 destruction in the public service. On Wednesday morning, CNews, the governor of the Bank of France, François Villeroy de Galhau, has welcomed the "good news" and emphasised the dynamism of the French economy, which according to him has created be 740,000 jobs over the period 2016-2018.

" READ ALSO - What are the areas that create the most jobs?

in the first three months of the year 2019, the creations of jobs have been drawn up by the industry, with 7500 posts in most, but especially by the construction. This sector confirms its good health with 16.100 positions created over the first three months of the year (+1.2 per cent). This is the biggest quarterly increase since the end of 2007, underlines the Insee. On a year, the job creations amounted to 36.500 in the construction (be +2.7%) and 18.800 (+0.6 per cent) in the industry. Market services, however, remain the main engine of net employment growth in employees, with 68.200 additional positions in the first quarter (+0.6 per cent), of which 7700 in the interim, rebounding after four quarters of contraction. Excluding temporary work, employment in market services is progressing rapidly (+60.500). On a year, this sector has created the 164,000 positions. Employment in non-tradable services is kept stable over the first three months of the year (+800).

The first quarter was also marked by an acceleration of the wage bill which shows an increase of 1.4% over the quarter (after +0.9%) and nearly 4% year on year, announces the central Agency of social security bodies (Acoss). This last explains this phenomenon by the payment of the "premium Macron" aimed at supporting the purchasing power. Without this premium, the wage bill slows down "significantly" in the first quarter (+0.1 percent after +0.9 percent).

" SEE ALSO - "The French economy has created 740 000 jobs between 2016 and 2018," according to the governor of the Bank of France

Updated Date: 13 June 2019, 00:00

Kathleen Lees

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