FX.co ★ French Payrolls Stall Again as Non-Farm Employment Flatlines in Q4

France’s non-farm payrolls showed no momentum in the fourth quarter, with employment remaining unchanged on a quarter-over-quarter basis at -0.1%, according to data updated on 27 February 2026. The latest reading for Q4 2025 exactly matches the previous quarter’s performance, which had also recorded a -0.1% change in non-farm payrolls.

The back-to-back negative prints underline a stagnation in French non-farm employment at the end of 2025, with no visible improvement between consecutive quarters. On a quarter-over-quarter comparison, the “actual” figure for the current quarter and the “previous” figure for the prior quarter both signal the same mild contraction, suggesting that the labor market failed to regain traction as the year closed.