The Acting springboard to employment or siding? To find out, the Prism, employers' federation which includes 600 companies and 90% of the turnover of the sector, followed two years of 5000 interim recruited in January 2009. For 82% of them, the use of temporary was "to find a solution quickly", even if that allowing young people to gain work experience. It was just a "lifestyle choice" for 18% of the cohort.
Two years later, one in three still working as a temp. Less than one in five advanced employment center, 21% landed a CDI, CDD a 15%, 3% have returned to school and 2% left the labor market. During the period, "29% have experienced the CDI at least once," says the prism, and 38% had access to a CSD."In a period that was terrible, you get a good figure, says Arnaud de la Tour, president of Prism. This is proof that the interim is not a trap insecurity. "The young are doing well.
Nearly one out of two after two years in CDI or CDD, as against 23% still acting. "The acting is a means of integration into social and working life allowing them to move," Judge Arnold of the Tower.
Ensure the transition periods
Following this study, the Prism has established six key patterns of agency of all ages. 24% of them are "acting career" that are not seeking permanent but build their lives at the mercy missions.19% have "paths encountered" alternating tasks, periods of unemployment, sick leave, minimum social … The young, qualified and looking to get a firm foothold, make up the third block and is 17%.
Then there are the 16% who see in the interim how to ensure the transition periods between CDI, or as a means of conversion. The fifth group consists of people who want to keep their independence and get rich from others. These are often temporary "in the second half of career", graduates or students. Finally, 4% are foreigners and the interim use as "a process of professional integration."
Employment center provides 5,000 more unemployed in 2011
Employment center Tuesday revised its forecast of employment and unemployment. With growth of 1.7% in 2011, the economy should create 130,000 jobs this year, 33,900 more than in the first half.A shift is expected in 2012, where between 101,000 and 126,000 new jobs are anticipated. "The slowdown in job creation combined with the dynamism of the labor force should not be allowed to initiate a decline in unemployment," warns employment center. The number of unemployed is expected to increase this year of 5000 in category A (there is already at 32,000) and 78,000 in A, B and C (102 700). If growth remains at 1.7% in 2012, employment center predicts a decline of 5,000 unemployed and 12,000 A in A, B and C. If it drops to 1.4%, it will be an increase of 27,000 in A and 35 000 in A, B and C.
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"The temporary assignments are becoming shorter
Beijing puts pressure on the euro area. This Saturday, The People's Daily, the official organ of the Communist Party to power in China, called on European countries to act decisively to resolve the debt crisis that hits the old continent. "Europe is at a critical moment in its history. It must show great wisdom, great courage and great determination and take action. If the decision comes too late, some members of the euro area will leave "the daily warns.
Beijing, which was ready in early to invest more in Europe to diversify its three trillion dollars in reserves, could turn back if the situation does not improve quickly. "If Europe continues to dither, the situation can get worse. Foreigners who wish to help will not dare and the euro area will disintegrate.This would be a disaster for Europe and the world, "said the daily.
Nicolas Sarkozy will discuss with Angela Merkel
At the opening of Summer Davos Forum, Chinese Premier Wen Jiabao, however, had expressed his confidence in the euro zone leaders business card templates. "China believes that the European economy can bounce back," he explained. Support has already been taken in Greece, Portugal, Spain, and Hungary.
Friday, Nicolas Sarkozy, who met Greek Prime Minister George Papandreou, has again reaffirmed the determination of Paris and Berlin to support the country in which the probable default of most concern global investors. This last debate "in the coming days" with Angela Merkel of the rapid implementation of measures decided on July 21 to stabilize the euro area.For its part, Greece has called an extraordinary cabinet meeting of his government on Sunday.
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"SPECIAL CRISIS: fear of debt
The president of the U.S. central bank (Fed) Ben Bernanke has a surprise in Jackson Hole, in the northwest United States. Instead of announcing new measures to support the U.S. economy, as expected by the markets, the Fed chairman on Friday merely noted that the issue will be discussed at the next meeting of the Monetary Policy Committee of the institution, scheduled Sept. 20. While stressing that "to weigh the pros and cons" of such a decision, the next meeting will be extended by one day. Suffice to say that a consensus on whether to implement any new measures to support the U.S. economy is far from certain …
It is precisely here that the speech of the day was to shed light.Investors hoped a higher profile, particularly on the implementation or not of a third program of monetary easing (or quantitative easing EQ3), after two other applications since 2008.
Ben Bernanke returns the ball in the political
"The Fed has a range of instruments to provide economic stimulus," said Ben Bernanke, however, supported. Insufficient to convince. For the other hand, the Fed chairman said that U.S. politicians had more room for growth, calling for fiscal stimulus. A sentence which leaves in doubt the ability or willingness-to-the Fed to reignite growth overseas.
"The Fed will certainly do its utmost to help restore growth rates and employment rates in an environment of price stability.However, most of the economic policy measures to support the long-term growth is a spring outside the central bank, "said Ben Bernanke.
The Fed chairman has confirmed rely on weak economic growth in the short term, after the Fed revised its growth goals of the U payday loans with no fax.S. economy, but did not specify the extent of this reduction.While recognizing that the crisis is more difficult than expected a few months ago, Ben Bernanke refuses to show alarming: he predicts that U.S. GDP "should improve" the second half and that inflation will gradually subside, and return to less than 2%.
He said he was also confident "in the fact that [his] colleagues in Europe have completely aware of what is at stake in the difficult problems they face today and that over time it will take all necessary measures and appropriate to address them fully and effectively. "
Deception temporary markets
Initially, this lack of concrete measures to try to revive an economy whose recovery is "much less robust than expected" in the words of Ben Bernanke, has dampened market expectations, suspended for two days this intervention .Sign of these expectations, the U.S. indices, already feverish, have widened their losses immediately after the announcement of the postponement within a month of discussions at the Fed on possible support measures. Similarly, in Paris the CAC 40 index plunged more than 3%.
But an hour after the intervention, investors rallied. The index in Paris reduced its losses, while on Wall Street, the Dow returned to the same balance. The markets have indeed put their disappointment. If the hope of a decision of intervention by the Fed was huge, the probability that a major action plan to be presented today was very thin, many commentators had warned in recent days.
Wednesday afternoon, France is officially under the seal of "under budget". Unofficially, it is the rigor that is installed. The Greek crisis of July and the reaction of the markets in August precipitated decisions. Without waiting for the draft budget law for 2012 presented in September, the Hexagon has taken the lead in the face of nervous markets, which scan the microscope evolution curves finances.
After speaking with the social partners, having examined the proposals of the budget minister, Valérie Pécresse, and his colleague of Economy, Baroin, and after a final meeting Wednesday with arbitration the head of state, Francois Fillon will detail the efforts needed for France to respect its commitments.
Paris has in fact promised to bring its public deficit of 5.7% of GDP this year to 4.6% next year and 3% in 2013.Objectives "soft," insists the Prime Minister. And have become even more complicated to keep that growth, which has a breathing hole world in recent months, could not keep its promises. First equation to solve for the executive, what new growth assumption adopted for next year? Currently set at 2.25%, it could be lowered around 2% but the final decision will be refereed by Nicolas Sarkozy on Wednesday.
Whatever the figure used is a real austerity to be announced in the wake. The principle consists in an "effort equitably distributed among the wealthy households and the less affluent, but also between large companies and small companies," says Is there at Bercy.According to the Social Partners to Fillon who spoke Monday night, the government prepares to announce 3 to 4 billion in savings for 2011 – an order of magnitude as the Department's budget did not confirm Tuesday – and about ten billion 2012.
Precautionary reserves
This effort will break down between cuts on spending and tax measures. Regarding the latter aspect, the government does not lack ideas.Changing the tax exemption of overtime, tax on higher income, higher social package for businesses, real decrease in certain benefits … "In our sorrow, we have the advantage of having an incredible addition to spending, wealthy in some cases, "explained Baroin, mid-August, citing a total of 75 billion euros of tax loopholes and $ 45 billion social niches.
On the expenditure side, Bercy asked departments to provide an extra effort this year. The reason: the frigate affair of Taiwan, which requires the state to pay 460 million euros.To avoid this expenditure is widening the gap, saving the same amount will be made.
More precisely, the departments may not use funds they have traditionally used to spend at year end by drawing on reserves of precaution put in place earlier this year. Defense will be particularly drawn upon.
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Still pending for a summit in the euro area. While Monday's major stock markets reopen on Tuesday, European capitals and investors will have their eyes on the meeting at the Elysee between French President Nicolas Sarkozy and German Chancellor Angela Merkel. After a week very rough on the markets, particularly in France, this meeting is an opportunity for two leaders to show their unity.
Above all, it will be the first public Angela Merkel, back from vacation, since the revival of the crisis.Angela Merkel and Nicolas Sarkozy "are among the few political figures on which the fate of the euro, the EU and Europeans," says the German newspaper center-left Süddeutsche Zeitung, adding that French President 's 'prepares to live the most important week of his career. "
The markets expect a lot of European leaders. Some analysts point to the inadequacy of the means used to protect the euro area at a time when the first signs of a contagion is observed in Spain and Italy. The European Stability charge to lend to countries in difficulty, and would not have sufficient financial resources to save Italy as if it fell before it, Greece, Ireland and Portugal.
Pooling of liabilities
Investors, but also the European Socialists are calling for the creation of "Eurobonds", which would sign the pooling of public debt in the euro area. If this had been established, it would have prevented the current crisis, said Saturday the Italian Finance Minister Giulio Tremonti. Berlin is officially fiercely opposed, saying it would amount to finance the deficits of the least virtuous of the euro area. But the government no longer opposed Eurobond "to preserve the euro area" as a last resort, reports the conservative newspaper Welt am Sonntag quoted a government source no fax payday loans.
The Franco-German summit is unlikely to provide definitive answers on these two subjects.The German Finance Minister Wolfgang Schäuble has dampened the hopes of the most optimistic in an interview published this weekend in the German magazine Der Spiegel: "We left there: there is no pooling of debt and no help to the infinity. There are support mechanisms, as we continue to develop, under strict conditions. "His French counterpart, Francois Baroin, for his part said he was working on" a convergence between France and Germany "about to a tax on financial transactions.
Most stubborn
The German government is already struggling to push through the reforms agreed at the EU summit on 21 July. In parliament, the majority balks, cooled by a public increasingly distrustful towards the euro. Angela Merkel's allies, the liberal FDP, and require strong counterparties in exchange for their support."With us there will be no blank check for the redemption of bonds of other countries" (a measure of support to countries in difficulty decided July 21) warned Sunday the leader of the FDP Rainer Brüderle. He wants a limit on the debt be written into the constitutions of all countries in the euro area, as is the case in Germany.
A sign of the tensions within the majority of Angela Merkel, President of the Bundestag, the upper house of German parliament, is reluctant to adopt reforms in the euro area in a timely manner by the government. "The subject is so important," he "will surely be impossible to pass it between 20 and 23 September," he said. One more reason to be anxious for the markets.
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"SPECIAL – Depression, fear of debt
The era of good times is over. China, which for years received lessons in economic policy by the United States, primarily relating to foreign exchange, takes revenge. While S & P has to sacrifice the triple A of the United States, Beijing, the largest holder of U.S. bonds in the world – by far, with 1,160 billion of U.S. Treasuries in the drawers according to figures from Washington published last May – now estimated to have "every right to require U.S. to address their structural problems of debt."
The Chinese government estimates that S & P has only confirmed a "horrible truth". One that was highlighted by the rating agency Dagong China, which has degraded the U.S. triple-A immediately after the agreement to raise the debt ceiling.She said "the days of Uncle Sam, crippled with debt, could easily squander endless amounts of borrowing from abroad seem numbered. (…) In order to treat his addiction to debt, the U.S. must restore the principle of common sense that we must live within its means. " For Dagong, the note of the United States increased from A + to A with, again, a negative outlook. According to the official Xinhua news agency, the adoption by Congress of a text to avoid a default of the United States failed to defuse "the bomb of debt." This failure to control U.S. borrowing could affect the "well-being of hundreds of millions of families in the United States and abroad," she lamented a few days ago.
In other countries, tempers
In France, Baroin, Minister of Economy, trying to reassure.First European official to respond to the thunder of the deterioration in the sovereign rating of the debt of the United States, he ensured that France "has full confidence in the strength of the U payday loans with no fax.S. economy and its fundamentals, and in the U.S. government's determination to implement the plan that was approved by Congress this week. "
Japan, the second creditor of the United States, said that its policy of buying U.S. bonds remained unchanged despite lowering their score. "Our confidence in U.S. Treasuries and their attractiveness as an investment will not change because of this action," said a Japanese government official told Dow Jones Newswires.Japan, which is trying by all means to curb a flight of its currency against the greenback, has no interest in selling its dollar assets for now since it would only strengthen the yen.
In South Korea, senior officials of the Ministry of Finance held an emergency meeting Saturday to analyze the consequences of the downgrade. But the government has warned against overreaction. "We need not be too worried about our economy and financial markets," said Deputy Finance Minister Yim Jong-yong. An Australian Prime Minister Julia Gillard has also called for calm markets. "At the same time, the other two major agencies, Moody's and Fitch continue to note the U.S. economy AAA. So I think people need to consider all the facts, "she said.In the Philippines, a spokesman for the Presidency said that the downgrade by S & P was "to some extent a wakeup call for the U.S. begin to seriously address their economic problems. We have confidence in their ability to do so. "
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Jul
13
Financial stocks were again at the forefront of the crisis of sovereign debt in the euro area. The financial sector index values fell by almost 10% within a week, and most major French banks are publicly traded close to their lowest annual levels. The inability of Europeans to agree on the establishment of a second bailout of Greece concern the market, which now feared a contagion to other countries in the euro area.
With the fear of an incident on the Italian debt, the problem of sovereign debt in Europe is a very serious turn, as the Italian government debt-which amounted to 1.9 trillion euros is 5.5-fold to that of Greece. The banks are primarily affected through their exposure to traditional state claims.
Regarding the Italian sovereign risk, the exposure of the French banking system amount to 35 billion euros, which is quite colossal. Unlike debt Greek, Portuguese and Spanish, which are now mainly carried by hedge funds, the Italian debt was previously considered to be of good quality. It is still very much in the balance sheets of major financial institutions in Europe.
Crédit Agricole and BNP Paribas in the red
The other concern is the amount of banks' liabilities to the private sector in Italy. And there, the amounts involved are more important because sometimes in the different estimates circulating on the market to nearly 300 billion euros. The two institutions most concerned are the BNP Paribas and Credit Agricole, which are present in Italy through subsidiaries.The markets fear that these institutions are forced to fund a portion of commitments to local borrowers Italian, especially a possible depreciation in the value of their subsidiaries in the accounts in any major difficulties in this country.
That's why the price of Crédit Agricole and BNP Paribas are approaching their lowest level this year. The insurance group Axa, very present in Italy and holds direct obligations of the Italian State, is also affected. The stock has lost more than 10% in just three days. It now processes at a level much lower than the amount of capital.
With a business volume of 300 million euros, Travel sncf.com set a record last month. "We sold 150,000 tickets a rainy day, 200,000 on a good day," said Yves Tyrode, director general of the website, a subsidiary of SNCF, which claims more than 55 million train tickets sold last year and more than 11 million unique visitors each month. "Last year, 70% of Internet users have come at least once. We are the site of all the French! "
In fact, Voyages-SNCF. com is the leading French travel agency online. In 2010, the site has achieved 2.8 billion euros in sales volumes, driven by a 18% growth over 2009.
Year after year, Travel sncf.com widening the gap with so … the counters of the station. Last year, the site has achieved 36% of sales of train tickets. A record.For the record, this percentage was 27% in 2008, the share of branches reaching 28% at the time.
"We are pro in the distribution of tickets online and we want to be in Europe, says Barbara Dalibard. Online sales change over a double-digit growth. Customers come under the counter. "
2011, promising
The CEO of SNCF Voyages recently told a group of journalists that "currently, our sales come for more than a third of the Internet, 20% of travel agencies and the rest is done at the counters of our stores and" .
2011 promises to be a promising year for Travel sncf.com. "Even trend" in 2010, according to its CEO Yves Tyrode and "explosion" of sales from mobile phones and tablets (iPad).While these new devices sales still weigh little in the overall volume of activity in Travel sncf.com, but since January the sales they have generated has increased by 100% to 20 million euros. In May, mobiles and tablets as well have accounted for 10% of the audience of the site.
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Equity markets leave the U.S. before Wednesday. The Dow Jones is 0.81% at 12,049.92 points, the Nasdaq climbed 1.03% to 2666.90 points and the S & P 500 rose 1.03% to 1284.90 points. On Monday, U.S. markets, which started in the green, finished on a stable tone, troubled by a further deterioration of three notches of the rating agency in Greece by S & P.
In contrast, Asian stock markets rose in unison this morning, buoyed by the announcement of the Bank of Japan keeping its policy rate close to zero to support the growth of the archipelago.
Following the sharp market declines in recent weeks, investors are looking for bargains on Wall Street. Moreover, mergers and acquisitions announced in the U.S. market in recent hours also seem to encourage investors.
On Monday, the textile group VF Corporation, which owns the brands Wrangler, Jeansport or The North Face has announced that he wanted to buy the specialist outdoor Timberland valued $ 2 billion. For its part the packaging producer Graham Packaging said it received a takeover offer, higher than that of Silgan Holdings, which was to acquire for $ 4.1 billion and the industry group will buy Honeywell for $ 491 million of its fellow EMS Technologies specializes in telecommunication tools for aeronautics.In reinsurance, Transatlantic Holdings will merge with its rival Allied World Assurance Company Holdings, to give birth to a giant valued around $ 5 billion while the group of fast food Wendy's will separate chain Arby's to a consortium formed by Roark Capital Group for 430 million dollars.
USA: first drop in retail sales since June 2010
The producer prices slowed their rise in May to 0.2% from the previous month according to figures released Tuesday by the Labor Department, but this increase was higher than expected.It is nevertheless the first drop in retail sales since June 2010.
Retail sales in the U.S. fell less than expected in May, 0.2%, driven by a sharp drop in auto sales, indicate figures released Tuesday in Washington by the Department of Commerce quick guaranteed personal loans.
On the foreign exchange market, the euro continues to rise against the greenback at 1.4448 dollars against 1.4413 dollars late Monday. For their part, oil prices were progressing on Tuesday at the opening in New York, a barrel of benchmark gained 32 cents to 97.62 dollars.
Apple pays royalties to Nokia
Avis Budget: 5.70% to 16.87 dollars
The side of values, announcements of mergers and acquisitions continue to grow.The American Society of Avis Budget Car Rental Avis Europe will buy for about 636 million pounds in cash (723 million), announced on Tuesday the company, which hopes to increase its presence in emerging markets with high growth like India and China.Avis Europe, currently owned 59.6% by the Belgian robertlipinski, operates the Avis and Budget brands, and operates in Europe, Africa, Middle East and Asia.
Apple: 1.17% to 330.42 dollars
World number one mobile phone, Finnish Nokia, said Tuesday that its U.S. rival Apple agreed to pay royalties to settle all their disputes over its use of several technologies patented by Nokia.
Citigroup: 0.46% to 39.35 dollars
For its part Citigroup announced Tuesday it had sold 1.5% stake in the Indian mortgage specialist Housing Development Finance Corp., lifting 160 million dollars before taxes. This sale brings to 9.9% from Citi in HDFC.It takes place before the adoption of new prudential regulations Basel III.
NYSE Euronext: 0.67% to 34.56 dollars
Representatives of the trading platforms NYSE Euronext and Deutsche Börse have defended on Monday its proposed merger with U.S. lawmakers.
Also note, Facebook could be valued at over $ 100 billion at its IPO, which could happen by early 2012 CNBC. The record IPO will be filed this fall. The valuation of the company was estimated at 50 billion dollars in January when she was lifted to $ 1.5 billion from Goldman Sachs.
On Wednesday, red dominates the financial markets of the Asia-Pacific. No big worry, however, the observed declines are not so high that early in the week. The downward trend continues and background, like the Nikkei, which fell by 0.42% at 9437.04 points and the broader Topix index, which bends from 0.17% to 817.80 points. The crisis of European debt remains in the minds of investors even if the concerns seem to fade a little. Last night, Wall Street ended the session down slightly too.
In China, same atmosphere. The Hang Seng in Hong Kong dropped 0.55% to 22,604.76 points. Note that the action of the Swiss giant Glencore commodities showed a decline of 2.8% for its first day of listing on the Stock Exchange of Hong Kong, following its introduction to the London Stock Exchange where he finished in small decline. In Shanghai, the CSI yields more timidly 0.13% to 3022.36 points.India and its main BSE index down 0.50% to 17,921.56 points. And in Singapore, the Straits Times down 0.39% at 3100.90 points.
In Australia, the red is darker: the S & P / ASX retrograde from 0.90% to 4587 points. Its neighbor New Zealand succeeds him to climb into the green, clawing 0.14% to 3564.44 points.
The decline in oil, profit taking
Oil prices were trending lower Wednesday in electronic trading in Asia, due to a decline in energy demand in the U.S. and profit taking, analysts said. In morning trading, a barrel of light sweet crude for July delivery yielded 57 cents to 99.02 dollars. That of Brent North Sea crude for delivery the same abandoned 82 cents to 111.71 dollars."Investors seem to take their profits at the approach of a long weekend in the U.S. market," said Ker Chung Yang, an analyst at Phillip Futures in Singapore, referring to the Memorial Day holiday on Monday the United States.