Swiss Jobless Rate Rises to 5-Month High in October

The Swiss unemployment rate edged up to a non-seasonally adjusted 2.2 percent in October 2019 from 2.1 percent in the previous four months. This marked the highest jobless rate since May, as the number of unemployed rose.
SECO l Rida Husna | rida@tradingeconomics.com 11/8/2019 6:59:51 AM
The number of unemployed people increased by 2,586 from the previous month, or 2.6 percent, to 101,684 in October. Compared to the same month a year earlier, unemployment fell by 5,681, or 5.2 percent. 

Meanwhile, the number of jobseekers rose by 5,072, or 3 percent, to 176,495; but dropped by 6,951 year-on-year, or 3.8 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, inched lower to 2.3 percent in October from 2.4 percent in September, with the number of young unemployed decreasing by 660, or 5.2 percent, to 11,992. Compared to October 2018, it fell by 1,072, or 8.2 percent.

Adjusted for seasonal factors, the unemployment rate came in at 2.3 percent in October, the same as in September.

Swiss Jobless Rate Rises to 5-Month High in October