• French non farm payrolls rose less than expected q/q

Market news

11 December 2018

French non farm payrolls rose less than expected q/q

In Q3 2018, net payroll job creation reached +15,000 (that is +0.1%), after +15,900 in the previous quarter. Payroll employment declined again in the public sector (-7,400), and increased slowly again in the private sector (+22,400). Year on year, it rose by 175,100 (that is +0.7%): 197,200 jobs were created in the private sector and 22,100 jobs destroyed in the public service.

Payroll employment remained almost stable in industry in Q3 2018 (– 900, that is 0.0%), showing nonetheless a year on year increase (+4,300).

The growth of payroll employment in construction remained strong: +5,400 (that is +0.4% as in Q2 2018). Year on year, the increase reached +29,100 jobs (that is +2.2%).


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