French payroll employment in the private sector increased by 16.2 thousand, the smallest gain in near four years, or 0.1 percent, to 19.40 million in the fourth quarter of 2018 in line with market expectations, a preliminary estimate showed. Net private job creation in market services stood at 13 thousand in the fourth quarter (vs 15.8 thousand in Q3) and employment in construction rose by 2.7 thousand (vs 5.4 thousand in Q3). Also, private payroll employment in agriculture went up by 0.9 thousand (vs 1.7 thousand in Q3), while employment in industry fell by 2.4 thousand (vs -1 thousand in Q3). Year-on-year, private payroll employment increased by 106.1 thousand, or 0.5 percent. Nonfarm Payrolls Private in France averaged 15007.16 Thousand from 1970 until 2018, reaching an all time high of 19403.90 Thousand in the fourth quarter of 2018 and a record low of 12409.60 Thousand in the fourth quarter of 1970.
Nonfarm Payrolls Private in France is expected to be 19530.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Nonfarm Payrolls Private in France to stand at 19650.00 in 12 months time. In the long-term, the France Payroll Employment in the Private Sector is projected to trend around 19790.00 Thousand in 2020, according to our econometric models.