Swiss Non-Farm Payrolls Rise 0.6% in Q2

Switzerland’s non-farm payrolls rose 0.6% year-on-year to 5.532 million in the second quarter of 2025, maintaining the same pace as in the previous period. The increase was primarily driven by the services sector, rising 0.9% to 4.402 million, supported by higher employment in administrative and support activities (+4%), management consultancy (+2.9%), real estate (+2.6%), and trade and repair of motor vehicles (+2.6%). In contrast, payrolls in the industrial sector declined 0.4% to 1.129 million, weighed down by lower manufacturing employment (-2%). This decline was partially offset by gains in mining and quarrying (+3.6%), electricity, gas, steam, and air-conditioning supply (+3.1%), water supply, waste management (+1.6%), and construction (+0.9%).