Swiss Jobless Rate Rises to 8-Month High of 3.3%


Swiss unadjusted unemployment rate increased to 3.3 percent in December of 2017 from 3.1 percent in the prior month. It was the highest jobless rate since April, and above market consensus of 3.1 percent, as the number of unemployed and jobseekers went up.

In December, there were 146,654 unemployed persons enrolled at the regional employment centers, about 9,337 more persons than in the prior month. Compared to the same month a year earlier, unemployment declined by 12,718 persons (-8.0 percent). 

The number of jobseekers reached 212,018, an increase of 7,877 persons compared with November while it decreased by 11,395 compared with the same period last year. 

Youth unemployment (15 to 24 year old) increased by 110 persons to 16,680. Compared to December 2016, this represents a decrease of 2,536 people (-13.2 percent). 

Adjusted for seasonal factors, the unemployment edged down to 3.0 percent from an upwardly revised 3.1 percent in the prior month.

Swiss Jobless Rate Rises to 8-Month High of 3.3%


Seco l Rida Husna | rida@tradingeconomics.com
1/9/2018 7:00:32 AM