France Private Payrolls Stagnant in Q2

2024-08-30 06:03 By Joshua Ferrer 1 min. read

Payroll employment in the French private sector stalled at 21.09 million in the second quarter of 2024, compared to the initial projection of 21.15 million and following a downwardly revised 0.3% advance or 52.3 thousand jobs gain in the previous three-month period.

This stability was primarily driven by a reduction of private payroll employment in agriculture (-6.9 thousand jobs), construction (-10 thousand), and commercial tertiary (-18.2 thousand) sectors.

On a positive note, the industrial and non-market sectors recorded an increase of 4.7 thousand and 17.6 thousand jobs, respectively.

On a year-on-year basis, payrolls went up by 60.7 thousand.



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