additional means to achieve full employment

Élisabeth Borne and Olivier Dussopt leaving the Council of Ministers on September 26. EMMANUEL DUNAND / AFP

More than 6.2 billion euros more will be released in 2023 compared to 2022. Objective: an unemployment rate that does not exceed 5% in 2027.

Who says ambition of full employment also says average to the height. To aim for an unemployment rate of 5% by 2027, as promised by Emmanuel Macron during the presidential campaign, the 2023 finance bill presented Monday morning in the Council of Ministers acts as an extension of the financial effort in promoting employment and vocational training. A logical and unsurprising decision as the President of the Republic has made this objective a strong axis – if not central – of his second term. Thus, with 20.71 billion euros planned, the Labor and Employment mission has an increase of 6.2 billion euros in its credits from one year to the next. Let be everything except the thickness of the line. An increase, however, to be qualified since several elements of the Labor and Employment mission were in the scope of the recovery plan or different missions in 2022.

SEE ALSO – Unemployment: France aims for “full employment” for 2026, according to Bruno Le Maire

Envelopes for training and work-study

Strong emphasis will thus be placed on training and work-study programs. An envelope of 3.5 billion euros in aid for the hiring of work-study students has thus been provided for in the 2023 budget. This confirms the ambition to open the doors of work-study to new young people and to aim one million apprentices and young people on professionalization contracts by 2027. For nearly four years, apprenticeship has experienced a real explosion. It now concerns 740,000 young people compared to less than 300,000 in 2017. A jump which is explained on the one hand by the law “ Professional future of 2018 but also because of the massive aid put in place during the Covid and which still exists. If the envelope intended for these “ thumbs up remains massive, the government nevertheless has the ambition to refocus it on certain priority audiences to make it more effective and useful.

The government also intends to stand at the bedside of France Skills, the armed wing of training in France. Due to the good dynamics of work-study programs but also professional training – in particular through the massive use of the CPF – the organization should post a deficit of 5.9 billion euros in 2022. To limit the damage , the executive provides support of 2 billion euros through an exceptional subsidy and a “ rebudgeting of half of the financing of the regional pacts of the skills investment plan (PEAK) “. A patch that should be enough for a while but not forever. There is no doubt that the executive will have to look sooner or later with the social partners on the sustainability of the current system.

In addition, to meet the challenges of full employment, the sums allocated to the training of employees and those furthest from the labor market will be increased. The regional pacts of the PIC but also the plan to reduce recruitment tensions will be extended in 2023. “ The exceptional effort to cope with changes in the labor market and ensure the retention of employees is confirmed and amounts to 325 million euros in 2023 “, can we read in the budget presented on Monday. Also note an additional 100 million euros for the transition to a full year of the youth engagement contract (CEJ) launched in March 2021.

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