France is measuring the first effects of the coronavirus on employment. According to figures from INSEE published this Thursday, June 11, France, including overseas, lost almost half a million jobs in the first quarter of 2020. A decline caused in large part by the collapse of the interim due to confinement.
The figures are staggering: 497,000 jobs in the private sector and 4,900 in the public service, or just over half a million jobs were destroyed during the first quarter of 2020. This sharp drop is due to the historic fall in agency employment, which fell 40% due to containment. By comparison, during the 2008 financial crisis, temporary work had dropped by almost 14% in the last quarter of the year and then by 13% in the first quarter of 2009.
Job destruction affects all sectors, but construction, industry, accommodation and catering are the most affected. According to the Institute of Statistics, salaried employment returned to its lowest level since the fourth quarter of 2017.
With just over 500,000 jobs lost in the first quarter of 2020, the number of job losses is greater than the provisional figure published by INSEE on May 7, reporting a loss of 453,800 jobs . And it is very likely that the figures for the second quarter will be even worse because it is the period when the confinement was the longest.
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