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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Private Non Farm Payrolls QoQ climbed to 0.1% in Q3 2024
FMPMonthlyReleased November 2024
France Private Non Farm Payrolls QoQ climbed to 0.1% in Q3 2024, released November 2024, up 0.3% from June's -0.2% reading. The print exceeded the -0.1% consensus by 0.2%. The print is running well above the 12-month average of 0.08%. The reading is in the 53rd percentile of the trailing 24-month range.
Latest Release
0.1
Actual
-0.1
Consensus
-0.2
Previous
Median Absolute Error
±0.19 percentage points
across last 12 releases
Last Call
Nov 2024
Predicted: -0.15
Actual: 0.1
Error: -0.25
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
Private Non Farm Payrolls QoQ (France) was reported at 0.1% in November 2024. This beat the market consensus of -0.1% by 0.2%. The reading rose from the previous value of -0.2%.
WHY IT MATTERS
The trailing three releases averaged 0%, down from the prior three at 0.17%. In November readings over the past 3 years, Private Non Farm Payrolls QoQ has averaged -0.03%.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 0.19%.
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 November 2024.
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Private Non Farm Payrolls QoQ - FR
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About Private Non Farm Payrolls QoQ — France
DEFINITION
Private Non Farm Payrolls QoQ (Quarter over Quarter) is a key economic indicator that measures the change in the number of jobs added or lost in the private sector, excluding farm workers, over a three-month period. This data is closely monitored by investors, policymakers, and analysts as it provides valuable insights into the health of the labor market and overall economic growth. A positive QoQ reading indicates an increase in employment, while a negative reading suggests a decline. This indicator is considered a reliable measure of the strength of the private sector and can impact financial markets and decision-making.
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2024): actual 0.1 %, consensus -0.1 %. Prior reading (Jul 2024): -0.1 %. Before that (Apr 2024): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower 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 headwind in the current projection. This indicator correlates most strongly with CAC 40 (Bullish FR, r=0.50) — a useful reference for index-focused traders.