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Unemployment rate, business failures… Bad figures for the Hauts-de-Seine economy

2024-03-05T17:35:21.335Z

Highlights: Unemployment rate, business failures… Bad figures for the Hauts-de-Seine economy. “Construction, for its part, has been very difficult,” underlines Crocis. The volumes of surface area of ​​non-residential premises authorized and started have respectively plunged by 40.4% and 81.2% compared to the same quarter of the previous year. The decline in hotel occupancy during the summer of 2023 was only partially offset by the 1% increase in September 2023.


In the third quarter of 2023, the Hauts-de-Seine department saw the economic situation decline with the explosion of bank failures.


If it is one of the driving forces of the Ile-de-France economy, often appearing in second place behind Paris in the various rankings of economic dynamism in the region or country, the Hauts-de-Seine department is not spared from the current situation.

This is what highlights the report from Crocis (Center for Observation of Commerce, Industry and Services, which emanates from the CCI Ile-de-France) of Île-de-France which reveals the figures economic conditions of the department in the third quarter of 2023.

“Economic trends remained mixed in Hauts-de-Seine during a summer of 2023 marked by both signs of development and slowdown,” points out Crocis in its quarterly dashboard.

If they have progressed slightly overall with an increase of 1%, the

Business creations were mainly driven by the 2.4% increase in the number of new microentrepreneurs, while over the same period “classic” business creations fell by 1.1%.

At the same time, the

Business failures jumped by 57.1%

Office construction dive

In terms of employment, after a continuous decline since a peak reached in September 2020, the increase in the departmental unemployment rate (5.9%) that began in the second quarter of 2023 was confirmed and increased by 0.2 points. the following quarter, despite a slight increase in the number of salaried jobs of 0.4% over the same period.

“Construction, for its part, has been very difficult,” underlines Crocis, which highlights the difficulties of the sector which is one of the barometers of the good economic health of the department.

The volumes of surface area of ​​non-residential premises authorized and started have respectively plunged by 40.4% and 81.2% compared to the same quarter of the previous year, leading in their wake to a decline in employment of 0.8% in construction and 3.3% in temporary work.

The decline in hotel occupancy during the summer of 2023 with a reduction in the number of nights of 4.4% in July and 1.1% in August compared to the previous year, was only partially offset by the 1% increase in September 2023, due in particular to the Rugby World Cup.

Source: leparis

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