Switzerland's non-farm payrolls declined 0.6 percent from a year earlier to 5.095 million in the second quarter of 2020, following a 0.9 percent rise in the previous three-month period. Employment in the industrial sector dropped 0.4 percent to 1.096 million, as decreases were seen in manufacturing (-0.9 percent) while employment in construction edged higher (0.1 percent). In addition, payrolls in services went down 0.6 percent to 3.999 million, dragged by looses in hotels and restaurants (-12.1 percent) as the coronavirus crisis hit the sector hard, while employment increased in education (3.0 percent), health (1.6 percent) and transport and communication (1.0 percent). Decreases also were seen in business services (-2.3 percent) and trade (-0.1 percent).
Non Farm Payrolls in Switzerland averaged 4387.49 Thousand from 1991 until 2020, reaching an all time high of 5159 Thousand in the third quarter of 2019 and a record low of 3841 Thousand in the first quarter of 1997. This page provides - Switzerland Non Farm Payrolls- actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Non Farm Payrolls - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Non Farm Payrolls in Switzerland is expected to be 4790.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Farm Payrolls in Switzerland to stand at 4750.00 in 12 months time. In the long-term, the Switzerland Non Farm Payrolls is projected to trend around 4890.00 Thousand in 2021 and 4990.00 Thousand in 2022, according to our econometric models.