French Private Salaried Employment Remains Stable in Q2 2024

In the second quarter (Q2) of 2024, French private salaried employment remained stable, with a marginal decline of 0.0% or 7,900 jobs, following a 0.3% increase in the previous quarter. Compared to a year ago, employment has risen by 0.4%, equating to an additional 78,000 jobs. The current employment level also surpasses that from before the health crisis by 6.1%, reflecting a net increase of 1.2 million jobs.

Temporary employment experienced a notable decline of 2.7% this quarter, a significant drop from the near-stability observed in the previous quarter. This equates to a loss of 20,500 jobs, following a reduction of 700 jobs previously. Currently, temporary employment is 6.2% lower than the same period last year and 5.2% below its pre-health crisis level.

French Private Salaried Employment Remains Stable in Q2 2024

Here are Sector-Specific Trends:

• Agriculture

Agricultural salaried employment decreased by 0.7%, or 2,100 jobs, continuing a downward trend from the previous quarter and falling 1.1% below last year’s figures.

• Industry

Excluding temporary positions, industrial employment grew by 0.2% in Q2 2024, adding 6,400 jobs. This sector now stands 1.0% above last year’s level and has exceeded its pre-health crisis figures by 3.1%, adding a net total of 95,900 jobs since the end of 2019.

• Construction

Private salaried employment in construction fell by 0.4%, marking the sixth consecutive quarterly decline. This drop resulted in 6,300 fewer jobs this quarter, bringing the total decline from the second quarter of 2023 to 1.5% or 24,100 jobs. However, employment remains 6.0% higher than at the end of 2019.

• Tertiary Sector

Employment in the non-temporary commercial tertiary sector grew by 0.1%, adding 6,300 jobs, following a more substantial 0.4% increase in the previous quarter. This sector’s employment is 0.6% higher than a year ago and has surged 7.8% above pre-crisis levels.

• Non-Commercial Tertiary Sector

Employment in the non-commercial tertiary sector saw a moderate increase of 0.3%, with 8,300 new jobs added. This marks a 1.6% rise from the same period last year and a 6.1% increase from the end of 2019.

Overall, while the broader employment landscape remains stable, certain sectors exhibit mixed trends, with temporary employment continuing to face challenges and industry and tertiary sectors showing varied growth patterns.

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