The activity rate of 15-64 year olds reached 73% in 2021, the highest level since INSEE has measured it, proof that it hasn’t.big resignation“, named because of these cascading departures in the United States at the end of the epidemic, INSEE emphasized on Thursday.
Increasing the activity level of under-25s
“The activity level of 15-64 year olds reaches 73%.“His highest level”since we have been measuring since 1975Vladimir Paseron, head of INSEE’s employment and earned income department, said at a press conference. This indicator is understood as defined by the ILO by adding the employed population and the unemployed. This high level is particularly explained by the increase in the activity rate of under-25s, which will reach 39.7% in 2021, the highest level since 2010. The success of apprenticeships is due in part to system reform and generous subsidies. explains this increase.
The activity rate of the elderly is also increasing, reaching 69.3% for those aged 50-64, i.e. one point higher than in 2020 and 15.7 points higher than in 2000, raising the retirement age. “We are at the highest levels of activity and employment levels. We didn’t have the same thing as in the US, where there was a kind of escape from the job market. On the contrary (…) There is no great resignation– said Vladimir Passeron. France remains below the European average, as youth and elderly employment rates are higher than in many European countries. In the long term, INSEE predicts an increase in the active population in absolute value until 2040, from 30.1 million to 30.5 million, then a decline to 29.2 million in 2070. Older projections in 2017 had the working-age population increasing by 2070.mainly because of demographics“, with new scripts “a low birth rate and a migration balance that is older on average“, explained Sylvain Larrier, head of INSEE’s labor market economic summary department.
Source: Le Figaro
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