Swiss Jobless Rate Rises to 2.5%


The Swiss unemployment rate inched higher to a non-seasonally adjusted 2.5 percent in November 2018 from a 10-year low of 2.4 percent in the previous month.

The number of unemployed people increased by 3,159 from the previous month, or 2.9 percent, to 110,474 in November. Compared to the same month a year earlier, unemployment fell by 26,843, or 19.5 percent.

Also, the number of jobseekers went up by 6,766, or 3.7 percent, to 190,212; but dropped by 13,929 year-on-year, or 6.8 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was unchanged at 2.4 percent in November, as the number of young unemployed fell by 44, or 0.3 percent to 13,020. Compared to November 2017, it decreased by 3,550 people, or 21.4 percent. 

When adjusted for seasonal factors, the unemployment rate eased to 2.4 percent in November from 2.5 percent in the previous month, and in line with market consensus.

Swiss Jobless Rate Rises to 2.5%


SECO | Rida | rida@tradingeconomics.com
12/10/2018 1:48:38 PM