Switzerland's non-farm payrolls rose 1.3 percent from a year earlier to 5.071 million in the first quarter of 2019, unchanged from the previous three-month period. Employment in the industrial sector grew 1.5 percent to 1.090 million, as increases were seen in manufacturing (1.7 percent) and construction (0.8 percent). In addition, payrolls in services went up 1.3 percent to 3.980 million, driven by gains in business services (2.8 percent), health (2.7 percent), transport and communication (1.3 percent), financial and insurance activities (0.3 percent), and hotels and restaurants (0.2 percent). Meanwhile, employment fell in education (-0.5 percent), and trade (-0.8 percent). Non Farm Payrolls in Switzerland averaged 4353.58 Thousand from 1991 until 2019, reaching an all time high of 5071 Thousand in the first quarter of 2019 and a record low of 3841 Thousand in the first quarter of 1997.
Non Farm Payrolls in Switzerland is expected to be 5095.00 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 5050.00 in 12 months time. In the long-term, the Switzerland Non Farm Payrolls is projected to trend around 5100.00 Thousand in 2020, according to our econometric models.