Swiss Jobless Rate Holds Steady at 10-Year Low


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

The number of unemployed people increased by 729 from the previous month, or 0.7 percent, to 107,315 in October. Compared to the same month a year earlier, unemployment fell by 27,485, or 20.4 percent.
Also, the number of jobseekers went up  4,947, or 2.8 percent, to 183,446, but dropped 14,579 year-on-year, or 7.4 percent. 
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged down to 2.4 percent in October from 2.5 percent in September, as the number of young unemployed fell 660, or 4.8 percent to 13,064. Compared to October 2017, it decreased by 3,841 people, or 22.7 percent. 
When adjusted for seasonal factors, the unemployment rate stood at 2.5 percent in October, the same as in September. 

Swiss Jobless Rate Holds Steady at 10-Year Low


Seco l Rida | rida@tradingeconomics.com
11/8/2018 12:05:34 PM