France EUR

France Non Farm Payrolls QoQ Final

Impact:
Low
Source: INSEE, France

Latest Release:

Date:
Actual:
0.2%
Forecast: 0.2%
Previous/Revision:
0.4%
Period: Q3
What Does It Measure?
The France Non-Farm Payrolls QoQ Final measures the quarterly change in employment levels across various sectors, excluding agriculture, public administration, and some other non-profit institutions. This indicator primarily focuses on the labor market's health, assessing employment growth, job creation dynamics, and overall economic activity at the national level.
Frequency
This report is published quarterly and typically releases final figures during the last month of each quarter, after initial preliminary data has been made available.
Why Do Traders Care?
Traders pay close attention to the Non-Farm Payrolls as it provides crucial insights into the labor market's performance, which directly affects consumer spending and broader economic growth. Strong employment data can be bullish for the euro and equity markets, while weaker figures may lead to bearish sentiment in these key assets.
What Is It Derived From?
The Non-Farm Payrolls figure is derived from comprehensive surveys conducted by France's national statistical agency, which collects data from a broad range of businesses across sectors. Data collection follows rigorous methodologies, including sampling techniques and statistical adjustments to ensure reliability and accuracy in employment metrics.
Description
The Non-Farm Payrolls report is released in both preliminary and final formats, with the preliminary data based on early estimates that may be revised later. Final figures reflect a more accurate portrayal of labor market conditions and often garner significant attention from traders as they can lead to adjustments in market sentiment following their release. The data typically uses a quarter-over-quarter (QoQ) comparison, which provides a clearer picture of employment trends over a medium-term horizon.
Additional Notes
The Non-Farm Payrolls serve as a coincident economic indicator, reflecting real-time labor market conditions that align with overall economic performance. It is often compared with other labor statistics, such as the unemployment rate, and provides insights into broader European economic trends and the resiliency of the French economy relative to other nations.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks. Dovish tone: Signaling lower interest rates or economic support, is usually good for the EUR but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Dec 12, 2017
0.2%
 0.2%
0.4%
Sep 12, 2017
0.4%
 0.5%
0.3%
 -0.1%
Jun 13, 2017
0.4%
 0.3%
0.3%
 0.1%
Mar 09, 2017
0.4%
 0.4%
0.3%
Dec 08, 2016
0.3%
 0.3%
0.2%
Sep 08, 2016
0.2%
 0.2%
0.2%
Jun 09, 2016
0.3%
 0.2%
0.2%
 0.1%
Mar 10, 2016
0.2%
 0.2%
0.1%
Dec 10, 2015
0%
 0.1%
0.2%
 -0.1%
Sep 10, 2015
0.2%
 0.2%
0%