According to Urssaf, the number of recruitments lasting more than a month, excluding temporary employees, hit a new high of over 840,000 in September.
According to Urssaf, the number of recruitments lasting more than a month, excluding temporary employees, hit a new high of over 840,000 in September. Sustainable hiring are up 11.4 percent this summer compared to the second quarter, to 2.44 million, the most in three months since January 2000.
The record was narrowly beaten, but it was nonetheless beaten. In September, the number of announcements of longer-term employees, excluding temporary workers, surpassed 840,000. According to figures provided by Urssaf on Wednesday, the number is over 8,000 more than the all-time record set in June. Despite the fact that the number of permanent contract hires remained constant, it surpassed the 400,000 mark for the third time since June. These three crossings are also the only ones reported by Social Security's recovery division since... January 2006!
A quarterly magnifying glass analysis reveals that the employment market has maintained its pace since the conclusion of the third confinement, even though it is still partly owing to the catching-up impact of times of sanitary restriction, and that this might be done at the expense of productivity.
Sustainable hiring are up 11.4 percent this summer compared to the second quarter, to 2.44 million, the highest number in three months since January 2000. Construction, industry, and services have all benefitted. If we include the fixed-term contracts that last less than a month, the period from July to September saw 6.6 million new hires, just 80,000 fewer than the last three months of 2019.
As a result, employment has swiftly recovered the ground lost since the Covid crisis, contrary to expectations. Another noteworthy fact is that, at least in terms of the period of participation, quantity and quality of the positions given went hand in hand. Thus, in the third quarter, the share of permanent hiring, excluding temporary workers, was 37 percent, up 5 percentage points from the previous quarter. Permanent contracts alone increased by 2 percentage points to 18 percent.
The timing of the release of these statistics is not insignificant: it comes shortly before the Council of State's interim decision on the reform of unemployment insurance. Following an adversarial session last Thursday between the unions - who are requesting another suspension - and the Ministry of Labor, which is defending it, the judge in charge of the case must make a decision by the end of this week.
The first suspension was justified by the highest administrative court in June, which claimed that the labor market had not yet acquired a sufficient form to satisfy the government's tighter demands. As a reminder, the new formula for calculating the allowance is intended to encourage people who alternate periods of unemployment and employment to return to work. In light of the Urssaf data, the court will be unable to take up this point again objectively.
Meanwhile, two other parts of the reform are on track to be implemented: the minimum number of months to be reimbursed, known as eligibility, and the number of months from which the allowance will be reduced by 30% for the highest-paid employees (degression, under 57). If two indicators that are intended to represent a return to better fortune on the job market are achieved concurrently from September, the first will decrease from four to six and the second from eight to six.
The first of these indications pertains to long-term hires, excluding temporary employees, which must have totaled more than 2.7 million over four months. That was essentially the case last month, with over 3.2 million visitors. The other indication, a reduction of at least 130,000 in the number of jobless without work over six months, may be estimated when the Pôle Emploi statistics are released on Wednesday, October 27. According to August's stats, he has a good chance of being reached as well.