Swiss September Jobless Rate Unchanged at 10-Year Low


The Swiss unemployment rate came in at a non-seasonally adjusted 2.4 percent in September 2018, unchanged from the previous four months and the lowest since September 2008.

The number of unemployed people decreased by 1,307 from the previous month, or 1.2 percent, to 106,586 in September. Compared to the same month a year earlier, unemployment fell by 26,583, or 20 percent.

Also, the number of jobseekers declined by 1,476, or 0.8 percent, to 178,499, and by 15,125 year-on-year, or 7.8 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged down to 2.5 percent in September from 2.6 percent in August, as the number of young unemployed dropped by 774, or 5.3 percent, to 13,724. Compared to September 2017, it decreased by 3,985 people, or 22.5 percent. 

When adjusted for seasonal factors, the unemployment rate fell to 2.5 percent in September from 2.6 percent in August.


Swiss September Jobless Rate Unchanged at 10-Year Low


SECO | Rida | rida@tradingeconomics.com
10/8/2018 9:41:58 AM