• French NFP lower than expected in Q1

Market news

15 May 2018

French NFP lower than expected in Q1

In Q1 2018, private payroll employment slowed down slightly: +0.3%, that is +57,900 jobs after +0.4% in Q4 2017 (that is +81,500 jobs). Year on year, private payroll employment increased by +1.4% (that is +270,200 jobs). Excluding temporary employment, it increased over the quarter by +0.3% (that is +55,400 jobs) and by +1.2% over the year (+213,400 jobs).

Private payroll employment slowed down in construction while remaining dynamic (+0.6%, +7,900 jobs, after +1.0 % jobs) and fell back softly in industry (−0.1%, −4,200 jobs, after +0.2%). Year on year, private employment increased by 29,600 in construction, whereas it stabilized in industry.

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