The current crisis explodes all the records which have been set. According to final data published on Thursday by Insee, the French economy has destroyed 502.400 jobs in the first quarter, as much in three months – and, actually, in the single month of march – that in a year and a half at the height of the financial crisis post-2008. This terrible result, about 10% above the first estimate, conducted in mid-may, ends at a little thing near the half-million jobs that has been created in France since the election of Emmanuel Macron, in 2017. This plunge unpublished payroll employment three month slice also with the levels of job creation recorded in recent years: 58.100 posts per quarter on average between 2015 and 2020 ; and 33.200 over the last decade.
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The decline of employment at the beginning of the year was mainly fuelled by the collapse of the interim: 318.100 jobs lost in that sector over three months, a drop unprecedented – again, in reality, in just a few days – 40.4 %.
Out acting, all of the branches dip: the industry, puts an end to a series of eleven consecutive quarters in the green, has destroyed 11.300 positions, or one-third of the reconquest started in 2017 ; the construction, who was hoping to exceed the 100,000 jobs re-created in three years, has erased a line 5600 ; and the tertiary, which had not experienced a single quarter in the red since 2013, has eliminated more than 150,000 jobs in just a few days.
