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130 000 138 000: the number of managers who should be recruited this year, according to the annual survey of the Association for the use of frameworks (APEC). A decrease between 10% and 4% compared to 2009, the year already with a disastrous 28% decline in recruitment.

For if France was recovering from recession, the economic outlook remains uncertain. So, most leaders, including major groups, which at the height of the crisis have tightened the bolts in terms of wages than new hires, no plans, for now at least, change policy.

In this gloomy climate, the most affected will be like last year's graduates (bac + 4 and above). "Their situation will be the worst ever," said Jacky Chatelain, director general of APEC. The figures speak for themselves.Post engineering schools, business schools or university, they will be 120 000 to enter the labor market. But according to Pierre Lamblin, Director of Studies and Research of APEC, 21 000 to 23 000 only, 000 against 29 last year and nearly 45 000 in 2008, will be recruited with the status under this year, the lowest figure since … 1993. In addition, at the time, the number of graduates was far lower savings account payday advance .

This further deterioration due to several factors. First, the longer the duration of the contribution of assets born after 1948 to receive a full pension, which mitigates the effects of "aging population".Second, firms prefer hiring young professionals and executives confirmed mostly (five years minimum experience) that represent more than half of the hires in 2010.

Improvement from 2011

By sector, after a sharp decline in 2009 (- 34%), recruitment in the industry are still in decline (between – 14% – 23%). The construction and trade are also strongly affected. In contrast, services (banking, insurance, specialized distribution, engineering …) will be resistance and could stabilize the level of recruitment.

Finally, little sign of optimism, though short-term horizon of the job market for executives is quite stuffy in the medium term it is expected. Forecasts of APEC, recruitment would increase steadily from 2011 to regain a high level in 2012.And in 2014, companies would hire more than 240 000 frames, which constitute a record.

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"Executives do not dare ask to increase

Electrolux is building on its capacity to innovate as with the washing machine with a function "steaming" it will launch this year payday loan lenders . Photo credits: DR

The Court of Auditors has published today its report on "the transfer to the regions transport train: mixed results and developments to continue." Verdict: TER now costs too much and it is not suitable for many lines in sub-activity. The institution of the Rue Cambon points to the lavish spending of regions purchase of rolling stock and operating costs too high for the station. The regions have spent 600 million euros since 2004 to renew their fleets TER. "They must be reasonable and proportioned more traffic to their efforts," said Philippe Séguin, the first President of the Court of Auditors. Investments can be a symbol of vitality but not necessarily needed. "The report also questions the effectiveness of operations by the SNCF and its inability to cut costs because of the status of railway workers.This induces a "surcharge of about 20 to 30%. "The SNCF is the sole interlocutor of the areas, said Philippe Séguin. This monopoly reduces the bargaining power of regions and do not push the operator to achieve productivity gains. "The average cost of a B in France is 17 euros per kilometer and train while it is only 11 euros in Germany.

According to the report, the TER has cost 2.7 billion euros to the regions in 2009. It represents an increasing share of their budget for an average load of trains by 26%. Lines and less crowded – or 7 800 km in France – do not see spending an average of ten trains per day. These figures conceal wide disparities: trains run empty in rural areas and off-peak while others are crowded into urban areas.

Carbon footprint

The Court of Auditors calls for the abandonment of certain lines in favor of the bus."The cost of the less frequented lines is too high for public finances," said Philippe Séguin. It is equivalent to the mile, the cost to use a private car. "The Court regrets that the" analytical accounts of the station "makes it difficult to choose between profitable routes and unprofitable lines.

Paradoxically, the use of the bus even improve the carbon footprint of TER. Today, 90% of lines are not electrified and diesel is half the energy consumed by the regional trains. "And most of the electrical energy is of thermal origin, explains Philippe Séguin. The carbon footprint of the TER is not favorable. "

The report of the Court of Auditors (pdf)

Around 15:00, the CAC 40 fell by 0.05% to 3890 points. Yesterday, the Paris index hit a new annual record, advancing 1.69% to 3892 points. Traders remained cautious, fearing a wave of profit taking ahead of 4000 points. The success of Apple, released yesterday evening after the close of Wall Street, have long supported the market, like those published at 13:30 by Caterpillar. The group expects a recovery in the global economy in 2010. But the poor figures for housing starts in the U.S. temper this optimism. These last were up 0.5% in August to 590,000 annual rate, and while the market was expecting 610,000. The number of permits issued fell 1.2% from the previous month to 573,000 construction permits on an annual basis, against 595,000 expected by analysts.

The producer prices fell in September by 0.6% compared to August (1.7%).This decrease is due to the decrease of 2.4% of energy costs. Excluding food and energy, the index plaice 0.1% against 0.1% expected by economists.

Values follow

LVMH (+0.35%) announced a turnover decrease of 0.6% to 4.135 billion euros, a figure conformed to market expectations. The group said a "better" compared to earlier this year.

In an interview with the newspaper Les Echos, Sagnières Hubert, who will become CEO of Essilor (-0.67%) from the first next January, is a point on the group's goals. He remains calm on the operating margin for 2009, but was cautious about the turnover.He plans to continue its acquisition strategy.

BioMerieux (+1.51%) achieved a turnover of over 9 months of 895 million euros, up 12% and confirms its target of organic growth of 5 to 7% in 2009, excluding the positive impact related to the epidemic influenza A.

Bouygues Travaux Publics, a subsidiary of Bouygues Construction, will build a road tunnel in Miami for $ 440 million. The title Bouygues rose 0.27%.

The operating margin of Sword Group (-1.21%) stood at 17.25% on the first nine months of 2009 against 17.7% during the same period of 2008.

In the first nine months of 2009, sales of Guyenne et Gascogne (+0.15%) totaled 431.4 million euros, down 1.3%.

Soitec (-2.73%) achieved a turnover of 50.3 million euros in the second quarter, a sequential increase of 14.8% over the first quarter of the year.

The turnover of Pierre & Vacances (+1.97%) totaled 516.5 million euros in the fourth quarter of 2008-2009, an increase of 2.4%. For the full year, sales amounted to 1.451 billion euros, up 2.3%.

Rental income accumulated Mercialys (-3.19%) at the end of September 2009 stand at 100.24 million euros, up 17.1%.

Cash Transgene (-1.47%) totaled 72.9 million euros at September 30, 2009, against 86.7 million at December 31, 2008.

On September 30, 2009, the turnover of Mr Bricolage (0%) stood at 412.3 million euros (+3.3%).