Swiss Jobless Rate Holds Steady at Over 17-Year Low

The Swiss unemployment rate stood at a non-seasonally adjusted 2.1 percent in July 2019, unchanged from the previous month's 17-1/2- year low.

The number of unemployed people increased by 356 from the previous month, or 0.4 percent, to 97,578 in July. Compared to the same month a year earlier, unemployment fell by 8,474, or 8 percent. Also, the number of jobseekers went up 480, or 0.3 percent, to 171,280; and dropped by 8,577 year-on-year, or 4.8 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 2.1 percent in July from 1.9 percent in June, with the number of young unemployed increasing by 1,067, or 10.9 percent, to 10,829. Compared to July 2018, it fell by 8.3 percent.

When adjusted for seasonal factors, the unemployment rate came in at 2.3 percent in July, the same as in June.

Swiss Jobless Rate Holds Steady at Over 17-Year Low

SECO | Rida Husna |
8/9/2019 2:36:32 PM