Seeking Alpha

French employment improves

  • French nonfarm payrolls surprisingly rose 0.1% on quarter in Q4 after dropping 0.1% in Q3 and vs consensus for fall of 0.1% also.
  • "Industry and construction drifted," France's National Institute of Statistics & Economic Studies says, but "services revived."
  • However, excluding temporary work, employment fell by 9,200 jobs. Temporary employment rose by a sharp 23,900 positions.
  • CAC 40 (EWQ) futures -0.1%. (PR)
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