French non-farm payrolls continued to rise during the third quarter of this year, supported by growth in temporary work.
In Q3 2016, French payroll employment in the non-farm market sectors continued to increase (+51,200 jobs, that is 0.3 percent, after +29,400 jobs in the previous quarter), data released by the statistics agency INSEE showed Thursday.
This slight acceleration compared to the second quarter is due to temporary employment (+29,500 jobs, i.e. +5.0 percent, after −200 jobs in Q2 2016). Year-on-year, the principally market sectors created 178,700 net jobs (+1.1 percent).
In Q3 2016, industry continued to destroy more jobs than it created (−4,700 jobs, that is −0.2 percent, after –7,500 jobs, in Q2 2016). In construction, employment was virtually stable (−300, that is −0.0 percent, after –1,900 in the previous quarter). Year-on-year, industry lost 26,200 jobs (−0.8 percent) whereas construction shed 6,800 jobs (−0.5 percent).
Overall, the pace of job creation in the market service sector was a little more dynamic than in the previous quarter (+56,200 jobs, that is +0.5 percent, after +38,800 in Q2 2016). Year-on-year, temporary employment increased sharply (+49,600 jobs, i.e. +8.8 percent) and the market service sector as a whole expanded by 211,700 jobs (+1.8 percent).
Meanwhile, the EUR/USD traded at 1.07, up 0.17 percent, while at 8:00GMT, the FxWirePro's Hourly Yen Euro Index remained slightly bullish at 86.60 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex


Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 



