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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Nonfarm Payrolls QoQ held to -0.1% in Q2 2013
FMPMonthlyReleased June 2013
France Nonfarm Payrolls QoQ held to -0.1% in Q2 2013. The reading matched the -0.1% consensus. The print is running well above the 12-month average of -0.15%.
Latest Release
-0.1
Actual
-0.1
Consensus
-0.1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| CAC 40 | ▲ Direct | +0.50 | INDEX | Bullish FR | → View |
| EUR/USD | ▲ Direct | +0.45 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Nonfarm Payrolls QoQ (France) was reported at -0.1% in June 2013. This matched the market consensus of -0.1% exactly. The reading was unchanged from the previous release. This is classified as a high-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with CAC 40 (Bullish FR). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Consumer Confidence (May 27) and Unemployment Benefit Claims (May 27).
Auto-generated from current model state · Refreshes on each release · Last update June 2013.
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Nonfarm Payrolls QoQ - FR
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About Nonfarm Payrolls QoQ — France
DEFINITION
Nonfarm Payrolls QoQ (Quarter over Quarter) is a key economic indicator that measures the change in the number of jobs added or lost in the non-farm sector of the economy over a three-month period. This data is closely monitored by investors, policymakers, and analysts as it provides valuable insights into the overall health and growth of the labor market. A positive QoQ reading indicates an increase in employment, while a negative reading suggests a decline in job growth. This indicator is considered a reliable measure of economic performance and can have a significant impact on financial markets.
WHY THIS INDICATOR MATTERS
Labor-market data shapes consumer-spending forecasts and is closely tracked by central banks assessing the output gap and wage-inflation pass-through. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2013): actual -0.1 %, consensus -0.1 %. Prior reading (May 2013): -0.1 %. Before that (Mar 2013): -0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.