Swiss Non-Farm Payrolls Rise 0.2% in Q4

2026-02-26 07:52 By Czyrill Jean Coloma 1 min. read

Switzerland's non-farm payrolls rose 0.2% year-on-year to 5.544 million in Q4 2025, following a 0.1% gain in the previous quarter.

Employment in the industrial sector fell at a slower pace of 0.1% to 1.129 million, compared with a 0.7% drop in Q3, supported by increases in manufacturing (-1% vs -1.4%), water supply and elimination of pollution (1.9% vs 1.8%), and construction (1.1% vs 0%), which offset the slowdown in mining and quarrying (4.4% vs 4.7%).

Meanwhile, employment in the services sector remained unchanged at 0.2% to 4.415 million, amid rebounds in trade, maintenance and repair of motor vehicles (0.4% vs -0.1%), real estate and housing (1.7% vs -3.1%), provision of other economic services (2.3% vs -1.1%), and arts, entertainment and recreation (1.1% vs -0.1%).

Declines were seen in transport and storage (-0.7% vs 0.7%), hospitality (-0.9% vs 1.3%), and provision of financial and insurance services (-1.9% vs -1.6%).



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Swiss Non-Farm Payrolls Rise 0.2% in Q4
Switzerland's non-farm payrolls rose 0.2% year-on-year to 5.544 million in Q4 2025, following a 0.1% gain in the previous quarter. Employment in the industrial sector fell at a slower pace of 0.1% to 1.129 million, compared with a 0.7% drop in Q3, supported by increases in manufacturing (-1% vs -1.4%), water supply and elimination of pollution (1.9% vs 1.8%), and construction (1.1% vs 0%), which offset the slowdown in mining and quarrying (4.4% vs 4.7%). Meanwhile, employment in the services sector remained unchanged at 0.2% to 4.415 million, amid rebounds in trade, maintenance and repair of motor vehicles (0.4% vs -0.1%), real estate and housing (1.7% vs -3.1%), provision of other economic services (2.3% vs -1.1%), and arts, entertainment and recreation (1.1% vs -0.1%). Declines were seen in transport and storage (-0.7% vs 0.7%), hospitality (-0.9% vs 1.3%), and provision of financial and insurance services (-1.9% vs -1.6%).
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