Total jobs stood at 77,866, with private-sector employment down 1.3% to 64,770 as construction cooled after major projects ended, while public employment rose about 3% to 5,393.
Services remained the backbone of the economy, led by administrative support, hospitality and retail, but gains there did not fully offset the contraction in construction.
Despite the annual dip, employment is near historic highs and up 27.6% over a decade, supported by cross-border commuters, steady public hiring and more established teleworking.
With major construction ending, can Monaco’s real estate market defy gravity and sustain its record-high prices?
Monaco offers huge salaries but is unaffordable. Can it solve its worker shortage without addressing the cost of living crisis?
With its final land expansion finished, what is Monaco’s next multi-billion dollar plan to power its economy?