According to INSEE, the business climate remained stable in November. However, the business leaders interviewed remain confident in terms of employment. After several months of stability, the indicator measuring the employment climate is back to its highest level since summer 2018.

The employment climate index, which was more or less stable since June, rose by two points in November

The business climate remained stable in November, for the sixth consecutive month, according to data released this Thursday morning by INSEE. A stability which masks contrasting developments according to the sectors: it thus improved in trade but also in industry where it had reached its lowest level since 2015 in October. On the other hand, it deteriorated in the building.

But it is above all on the employment side that the figures published this Thursday by INSEE are good news. According to the business leaders questioned, the indicator calculated by public statisticians to measure the employment climate rose by two points in October.

Highest since August 2018

This index, which had been more or less stable since June, thus reached, at 108, its highest level since August 2018. Thus erasing the slack observed in the heart of summer.

These data provide further evidence that despite sluggish but stable growth (GDP has grown at the same quarterly pace since the start of the year), employment remains dynamic. Even if INSEE does not give much more details on this point (except to mention a drop in the balance of opinion of business leaders in the retail trade), this publication is in the same direction as several other surveys published in recent years. weeks.

And in particular that of the interim giant, Adecco, whose latest barometer suggests 3.7 million recruitments by mid-2020. Or even the figures of the Central Agency of Social Security Bodies (Acoss) which underlined a 2.3% increase in hires over a month in the third quarter.