French private payroll employment rises slightly in Q4 2018

French private payroll employment rose a bit in the fourth quarter of 2018, rising 0.1 percent, the same rate seen in the prior quarter. On a year-on-year basis, private payroll employment eased, rising 0.5 percent, as compared with the third quarter’s year-on-year print of 1 percent. Stripping temporary employment, private payroll employment was up 0.2 percent over the quarter and 0.7 percent over the year.

In the construction sector, private payroll employment eased slightly, rising 0.2 percent in the fourth quarter, a slowdown from 0.4 percent in the prior quarter. In industry, the private payroll employment dropped 0.1 percent after coming in at 0 percent in the prior quarter. On a year-on-year basis, private employment rose by 19,000 in construction, whereas it dropped in industry.

Private employment in market services rose moderately again in the fourth quarter, rising 0.1 percent. Stripping temporary employment, it rose 0.2 percent, as in the prior quarter. Private employment in non-market services rose weakly again in the quarter.

In the last quarter of 2018, temporary employment eased again. The temporary employment dropped 1.5 percent, after falling 1.1 percent in the prior quarter. On a year-on-year basis, temporary employment dropped sharply by 3.6 percent in the fourth quarter.

At 13:00 GMT the FxWirePro's Hourly Strength Index of Euro was neutral at -22.763, while the FxWirePro's Hourly Strength Index of US Dollar was neutral at 32.1496 more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex