Swiss Jobless Rate Steady at 17-1/2-Year Low


The Swiss unemployment rate came in at a non-seasonally adjusted 2.1 percent in September 2019, remaining at the lowest level since November 2001.

The number of unemployed people decreased by 454 from the previous month, or 0.5 percent, to 99,098 in September. Compared to the same month a year earlier, unemployment fell by 7,488, or 7 percent. Meanwhile, the number of jobseekers rose by 1,574, or 0.9 percent, to 171,423; but dropped by 7,076 year-on-year, or 4 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged down to 2.4 percent in September from a seven-month high of 2.5 percent in August, with the number of young unemployed decreasing by 490, or 3.7 percent, to 12,652. Compared to September 2018, it fell by 1,072, or 7.8 percent.

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

Swiss Jobless Rate Steady at 17-1/2-Year Low


SECO | Rida Husna | rida@tradingeconomics.com
10/8/2019 12:01:02 PM