In a surprising development, France's non-farm payrolls showed no growth in the third quarter of 2025, with the indicator stagnating at 0.0%, as per the latest data released on November 28. This marks a halt from the modest 0.2% increase observed in the previous quarter, fueling concerns over the nation's economic momentum.
This plateau in employment figures comes amid an atmosphere of broader economic uncertainty both domestically and internationally. Analysts believe that various factors could be contributing to the lackluster performance of the labor market, including heightened geopolitical tensions, fluctuating energy prices, and shifting consumer confidence levels.
The flatlining of the payrolls is particularly noteworthy given the slight positive growth seen in the preceding quarter, indicating a reversal of momentum. As the French economy navigates these choppy waters, policymakers and economists will be closely monitoring the situation to determine whether this stagnation is a temporary blip or heralds a more prolonged period of labor market stagnation.
