Non-farm payrolls in Switzerland decreased by 0.4 percent year-on-year to 5.135 million in the fourth quarter of 2020, the same pace as in the previous three-month period. It was the third consecutive quarter of declines in employment, amid the pandemic crisis. Employment in the industrial sector fell 1.2 percent to 1.085 million, as decreases were seen in both manufacturing (-1.2 percent or -8K) and construction (-1.6%, or -6K). In addition, payrolls in services went down 0.2 percent to 4.050 million, mainly dragged down by hotels & restaurants (-15.2% or -41K). On the other hand, growth was observed in the health and social services (2.8% or +21K) and in the retail sector (2.3% or +7K). source: Swiss Federal Statistical Office
Non Farm Payrolls in Switzerland averaged 4400.19 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 May of 2021.
Non Farm Payrolls in Switzerland is expected to be 4950.00 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 4890.00 in 12 months time. In the long-term, the Switzerland Non Farm Payrolls is projected to trend around 4990.00 Thousand in 2022 and 5150.00 Thousand in 2023, according to our econometric models.