Switzerland's non-farm payrolls increased 0.6 percent from a year earlier to 5.102 million in the first quarter of 2020, the softest pace since the third quarter of 2016, following a 1.2 percent advance in the previous three-month period. Employment in the industrial sector rose 0.7 percent to 1.098 million, as increases were seen in manufacturing (0.6 percent) and construction (0.8 percent). In addition, payrolls in services went up 0.6 percent to 4.003 million, driven by gains in education (1.9 percent), health (1.5 percent) and transport and communication (1.0 percent), while employment in hotels and restaurants fell sharply (-3.9 percent) as the coronavirus crisis hit the sector hard.
Non Farm Payrolls in Switzerland averaged 4380.22 Thousand from 1991 until 2020, reaching an all time high of 5137 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 June of 2020.
Non Farm Payrolls in Switzerland is expected to be 4765.00 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 4650.00 in 12 months time. In the long-term, the Switzerland Non Farm Payrolls is projected to trend around 4800.00 Thousand in 2021 and 4990.00 Thousand in 2022, according to our econometric models.