Switzerland's non-farm payrolls rose 1.6 percent from a year earlier to 5.070 million in the third quarter of 2018, following a 2.1 percent advance in the previous three-month period. Employment in the industrial sector grew 1.8 percent to 1.097 million, as increases were seen in manufacturing (1.9 percent) and construction (1.6 percent). In addition, payrolls in services went up 1.6 percent to 3.973 million, driven by gains in hotels and restaurants (4.2 percent), business services (3 percent), health (2.9 percent), transport and communication (2.4 percent) and education (0.9 percent). Meanwhile, employment fell in trade (-1.7 percent) and financial and insurance activities (-1.3 percent). Non Farm Payrolls in Switzerland averaged 4340.44 Thousand from 1991 until 2018, reaching an all time high of 5070 Thousand in the third 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 4991.00 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 5128.45 in 12 months time. In the long-term, the Switzerland Non Farm Payrolls is projected to trend around 5025.00 Thousand in 2020, according to our econometric models.