French payroll employment in the private sector increased by 22.4 thousand, or 0.1 percent, to 19.39 million in the third quarter of 2018, the same pace as in the previous period and below a preliminary estimate of 0.2 percent gain. Net private job creation in market services stood at 15.3 thousand in the third quarter (vs 22.3 thousand in Q2) and employment in construction rose by 5.4 thousand (vs 5.6 thousand in Q2). Also, private payroll employment in agriculture rose by 1.7 thousand (vs 0.2 thousand in Q2), while employment in industry fell by 1 thousand (vs -0.3 thousand in Q2). Year-on-year, private payroll employment increased by 197.2 thousand, or 1 percent. Nonfarm Payrolls Private in France averaged 14984.57 Thousand from 1970 until 2018, reaching an all time high of 19392.30 Thousand in the third quarter of 2018 and a record low of 12409.60 Thousand in the fourth quarter of 1970.
Nonfarm Payrolls Private in France is expected to be 19480.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Nonfarm Payrolls Private in France to stand at 19610.00 in 12 months time. In the long-term, the France Payroll Employment in the Private Sector is projected to trend around 19790.00 Thousand in 2020, according to our econometric models.