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France Non Farm Payrolls QoQ climbed to 0.2% in Q3 2024, released December 2024, up 0.3% from June's -0.1% reading. The print exceeded the 0.1% consensus by 0.1%. The print is running well below the 12-month average of 0.24%.
across last 12 releases
Sep 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.61 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.58 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.40 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Non-Farm Payrolls QoQ (France) was reported at -0.1% in September 2026. This matched the market consensus of -0.1% exactly. The reading was unchanged from the previous release. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged -0.11%, ranging from -0.3% to 0% across 7 releases.
The trailing three releases averaged -0.07%, up from the prior three at -0.1%. Volatility over the past year (σ 0.08%) is lower than the prior year (σ 0.17%).
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.1%.
The next release is scheduled for September 25, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Sep 23) and S&P Global Services PMI (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
Non-Farm Payrolls QoQ is a widely recognized economic indicator that measures the change in the number of employed individuals in the United States, excluding farm workers, on a quarterly basis. This data is closely monitored by investors, policymakers, and analysts as it provides valuable insights into the overall health and direction of the US labor market. A positive QoQ change in non-farm payrolls is generally seen as a sign of a strong and growing economy, while a negative change may indicate a slowdown or contraction.
Labor-market data shapes consumer-spending forecasts and is closely tracked by central banks assessing the output gap and wage-inflation pass-through. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
Latest reading (Apr 2026): actual -0.1 %, consensus -0.1 %. Prior reading (Apr 2026): -0.1 %. Before that (Jan 2026): -0.1 %.
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/USD (Bearish EUR, r=-0.61) — a useful reference for forex-focused traders.
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| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:45 | Harmonised Inflation Rate YoY | 2.7 | 2.4 | 2.7 | 2.70 | Low | |
| 06:45 | Harmonised Inflation Rate MoM | 0.8 | 0.6 | 0.8 | 0.80 | Low | |
| 06:45 | Inflation Rate MoM | 0.7 | 0.6 | 0.7 | 0.70 | Low | |
| 06:45 | Inflation Rate YoY | 2.4 | 2.1 | 2.4 | 2.40 | Low | |