Market news
09.08.2019, 06:56

France private payroll employment growth slowed compared to the previous quarter

According to the report from Insee, in Q2 2019, private payroll employment increased by 0.3%. It slowed down slightly compared to the previous quarter: +62,100 net jobs after +95,600 jobs in Q1 2019. Year on year, private payroll employment rose by +1.3% (that is +259,400 jobs). Excluding temporary employment, its growth was similar: +0.3% over the quarter (that is +61,100 jobs) and by +1.4% over the year (that is +266,300 jobs).

Private payroll employment increased steadily again in construction: +0.7% in Q2 2019 (thas is +9,800 jobs),after +1.2%. It barely slowed down in industry: +0.1% (that is +3,000 jobs), after +0.2% Year on year, private employment increased by 41,400 in construction and by 20,000 in industry.

In Q2 2019, private employment continued to increase sharply in market services: +0.4% (that is +47,500 jobs), after +0.6% in Q1 2019, bringing its rise to 1,5% over a year (that is +186,300). Excluding temporary employment, the increase was comparable: +0.4% (that is +46,500 jobs), after +0.5% in the previous quarter, and +1.7% over a year. Private employment in non-market services remained stable over the quarter, at a slightly higher level than a year ago (+0.3%).

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