Payrolls (jobs created) · France
France Non Farm Payrolls QoQ
The France Non Farm Payrolls QoQ counts how many jobs employers in France added or cut in the month.
- Importance
- High
- Released
- Quarterly
- Next release
- Currency
- EUR · euro
- Central bank
- The European Central Bank (with the Banque de France)
Latest figures
The latest release for Q2, published on 25 September 2026, came in at -0.1%, down from 0% the time before.
Over the last 7 releases it ranged from -0.3% to 0.2%, averaging -0.1%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 25 Sep 2026 | Q2 | -0.1% | – | 0% |
| 29 May 2026 | Q1 | 0% | – | -0.1% |
| 27 Feb 2026 | Q4 | -0.1% | – | 0% |
| 28 Nov 2025 | Q3 | 0% | – | 0.2% |
| 29 Aug 2025 | Q2 | 0.2% | 0% | -0.1% |
| 28 May 2025 | Q1 | -0.1% | – | -0.4% ® |
| 28 Feb 2025 | Q4 | -0.3% | – | 0.1% ® |
Why it matters
The US non-farm payrolls report, released on the first Friday of most months, is often the single most market-moving economic release in the world. It moves the dollar, Treasury yields, gold and stock indices within seconds, because jobs drive spending and the Federal Reserve's decisions. ADP's private payrolls, two days earlier, are watched as a preview.
How it is calculated
The official figure comes from a survey of about 120,000 businesses and government agencies (the establishment survey) covering roughly 600,000 worksites. It counts jobs, not people, and excludes farm workers, private households and the self-employed. The two previous months are revised every time. ADP uses its own payroll-processing data.
Payrolls change = employees this month − employees last month (seasonally adjusted)What changes mean
- Compare with the consensus and look at the revisions to the two previous months: together they decide the reaction.
- Read it with the unemployment rate and average hourly earnings, released at the same time.
- Job gains of about 100,000–150,000 a month are roughly what the US needs to keep up with population growth (less as immigration slows).
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the euro and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the euro tends to soften and markets price in lower rates.
A short history
The Bureau of Labor Statistics' Current Employment Statistics survey has collected payroll data since 1939. Markets began to trade the release intensely in the 1980s and 1990s.
Questions
What is the France Non Farm Payrolls QoQ?
The France Non Farm Payrolls QoQ counts how many jobs employers in France added or cut in the month.
What was the latest France Non Farm Payrolls QoQ?
-0.1% for Q2, published on 25 September 2026.
When is the next France Non Farm Payrolls QoQ?
On Friday 27 November 2026 at 07:45 UTC.
Why is it called non-farm payrolls?
Farm employment swings with the seasons and is hard to survey, so it is left out, along with private household workers and the self-employed.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.