Nov 15 2013
No miracle. While recule1 growth, the French economy continues to shed jobs. In the third quarter, 17,000 jobs have been lost in the private sector, a decrease of 0.1%, according to data released Thursday by the Insee2. These figures correspond to economists' forecasts and are slightly better than the previous quarter (34,600 jobs, or -0.2%). In one year, France has lost over 107,000 jobs.
If these statistics are slightly better than the previous quarter, it is thanks to the resilience of the interim, which created 4800 jobs between July and September, up 0.9%. Which offset the decrease in the previous quarter (-4,300 jobs). Excluding temporary commercial employment, that is to say outside the public sector decreased by 21,800 jobs (-0.1%), after a decline of 30,000 jobs in the previous quarter.
Other sectors appear indeed disorganized. On the one hand, observes the INSEE, "employment in industry and construction decline in the third quarter of 2013 (respectively -0.5% and -0.4%)." On the other hand, services resist. They have created 5300 jobs, however, is not enough to remember the destruction of the previous quarter (-7800).
In this context, what about the "reversal of the unemployment curve" always promised by the end of the year by President Francois Hollande? To achieve its goal, the president goes into overdrive in supported employment, which are mainly created in the public sector (and thus appear very little in the figures released Thursday by INSEE). Still in private, unemployment grows with one or even two quarters offset the growth figures. The decrease in the second quarter is due to the stagnation of the French economy in late 2012 and early 2013. But in the next quarter, maybe statistics reverberate they therefore rebound in activity of 0.5% in the second quarter. However, for the fourth quarter, INSEE still expects 7000 job losses.Some cheap term life insurance policies may look cheap, but what matters the most is that you must get it.Getting a cheap term policy is not an easy task.