French non-farm payrolls continued to rise during the third quarter of this year, supported by growth in temporary work.
In Q3 2016, French payroll employment in the non-farm market sectors continued to increase (+51,200 jobs, that is 0.3 percent, after +29,400 jobs in the previous quarter), data released by the statistics agency INSEE showed Thursday.
This slight acceleration compared to the second quarter is due to temporary employment (+29,500 jobs, i.e. +5.0 percent, after −200 jobs in Q2 2016). Year-on-year, the principally market sectors created 178,700 net jobs (+1.1 percent).
In Q3 2016, industry continued to destroy more jobs than it created (−4,700 jobs, that is −0.2 percent, after –7,500 jobs, in Q2 2016). In construction, employment was virtually stable (−300, that is −0.0 percent, after –1,900 in the previous quarter). Year-on-year, industry lost 26,200 jobs (−0.8 percent) whereas construction shed 6,800 jobs (−0.5 percent).
Overall, the pace of job creation in the market service sector was a little more dynamic than in the previous quarter (+56,200 jobs, that is +0.5 percent, after +38,800 in Q2 2016). Year-on-year, temporary employment increased sharply (+49,600 jobs, i.e. +8.8 percent) and the market service sector as a whole expanded by 211,700 jobs (+1.8 percent).
Meanwhile, the EUR/USD traded at 1.07, up 0.17 percent, while at 8:00GMT, the FxWirePro's Hourly Yen Euro Index remained slightly bullish at 86.60 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex


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