Hiring difficulties for employers “have decreased significantly” in recent months, except in the construction sector, says Dares, who sees “the beginning of a cooling off in the labor market” in a note published on Monday.
“Recruitment difficulties are receding after a peak reached in mid-2022, with the exception of the construction sector,” underlines the statistics department of the Ministry of Labor in a summary of the labor market situation in the second quarter of 2023 .
“In the industrial branches, the decrease in the percentage of companies that declare that they are affected by recruitment difficulties is especially notable in the manufacture of transport material (-11 points in the second quarter) and capital goods (-7 points) The services, accommodation and catering sectors experience the greatest relaxation (-15 points)”, he points out.
Less difficulties in accommodation and catering
The vacancy rate (ratio between the number of vacant positions and the total number of jobs) also fell (-0.1 points to 2.2%) to a level, however, “still significantly higher than before of the health crisis”.
These statistics can be read as “the beginning of a cooling off in the labor market, although companies continue to mention the lack of qualifications as a major obstacle”, analyzes Dares.
Remember that in the second quarter employment continued to grow, but only by 0.1% after +0.4% in the first quarter.
“For the first time since the health crisis, employment is less dynamic than activity, which rebounded to +0.5%,” he stresses.
The number of hires with contracts of more than one month, however, continues to increase and seems to be “the reflection of an acceleration in staff turnover.”
Compared to the end of 2019, terminations of contracts are more numerous each quarter, with growth driven by the increase in resignations.
“With 550,000 resignations registered in the first quarter of 2023, they are 24% more than the pre-crisis level,” says Dares.
This global increase in resignations “is mainly driven by the commercial tertiary sector, particularly in the commerce, business services and accommodation-restaurant sectors, which alone explain 56% of the increase in the number of resignations between end of 2019 and beginning of 2023”. .
Source: BFM TV
