France Private Payrolls Down 0.1% in Q3
2024-11-07 08:05
By
Czyrill Jean
1 min. read
Payroll employment in the French private sector decreased by 25 thousand, or 0.1% to 21.07 million in the third quarter of 2024, unchanged from the revised figure of the previous quarter and defying market expectations of a flat reading, preliminary estimates showed.
The decline was primarily driven by a continued downturn in the construction sector.
In contrast, the agriculture sector recorded an increase while the industry sector stalled.
On a year-on-year basis, payroll employment remained virtually unchanged, with a marginal decrease of just 4.9 thousand.