The employment situation is improving: +57,300 net job creations (INSEE).

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Despite the persistence of the epidemic and the accumulating restrictions in recent months, the employment situation is improving. During the first three months of the year, private sector salaried employment increased by 0.3%, with a net creation of 57,300 jobs, according to the provisional estimate by Insee published this Friday.

This is a surprising result, as Insee, in its March economic report, forecasted significant job losses (-77,000) for this first quarter, “due to health restrictions continuing to impact the activity of certain sectors, such as household services and hospitality.”

In the previous quarter, salaried employment had experienced a moderate decline of 0.1% (a net loss of 28,200 jobs). In 2020, 320,200 jobs were lost in the private sector in France, a decrease of 1.6%, significant but much less than feared.

Despite this improvement, private sector salaried employment remains logically below its pre-COVID-19 crisis level. At the end of the first quarter, it is 1.3% below its level at the end of 2019 (a loss of 262,900 jobs), according to Insee. However, it is now approaching the level it reached at the end of 2018.

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