adminFrance saw half a million net payroll job destruction in Q1 2020, mainly in temporary employment, the national statistics bureau INSEE said last Thursday.
“At the end of the first quarter of 2020, payroll employment dropped by 2,0 percent, that is 502,400 net job losses in one quarter. Payroll employment returned to its lowest level since the fourth quarter of 2017, ” said INSEE.
The decline affected almost exclusively the private sector with 497 400 net job losses, while the public service lost 4 900 jobs.
Over a year, payroll employment dropped by 304 700. It declined by 317,200 in the private sector but increased by 12,400 in the public service. Temporary employment accounted for the largest share of the fall in the first quarter, down by 40.4 percent. That’s a loss of 318,100 jobs.
“This is the largest decline in the quarterly series of temporary employment (available since the first quarter of 1990),” noted INSEE. — Xinhua.
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