The latest data for French non-farm payrolls indicates a surprising downturn, as figures released for the third quarter of 2025 show a decline of 0.3%. This development marks a significant shift from the previous quarter's modest growth of 0.2%, reported in the second quarter of 2025. These figures, updated on November 6, 2025, highlight a challenging period for the French labor market.
The quarter-over-quarter comparison underscores a reversal in trend from gradual growth to contraction. Analysts had not anticipated such a decline, prompting concerns about underlying economic factors contributing to this downturn. Potential implications for economic policy and workforce strategies are now at the forefront of discussions among French policymakers and financial experts.
As the French economy navigates these labor market changes, the focus will likely be on identifying the sectors most affected and the broader economic conditions influencing this unexpected slip in payroll growth. The response from the French government and businesses will be critical in setting the tone for the upcoming quarters.
