Switzerland's non-farm payrolls rose 1.3 percent from a year earlier to 5.068 million in the fourth quarter of 2018, following a 1.6 percent advance in the previous three-month period. Employment in the industrial sector grew 1.2 percent to 1.085 million, as increases were seen in manufacturing (1.8 percent) and construction (0.1 percent). In addition, payrolls in services went up 1.3 percent to 3.983 million, driven by gains in business services (3.2 percent), health (2.8 percent), hotels and restaurants (0.8 percent) and transport and communication (0.7 percent). Meanwhile, employment fell in education (-0.7 percent), trade (-0.6 percent) and financial and insurance activities (-0.1 percent). Non Farm Payrolls in Switzerland averaged 50373.71 Thousand from 1991 until 2018, reaching an all time high of 5068000 Thousand in the fourth quarter of 2018 and a record low of 3841 Thousand in the first quarter of 1997.
Non Farm Payrolls in Switzerland is expected to be 5025.00 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 5115.00 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.