Swiss Jobless Rate Highest Since March 2010


Swiss unadjusted unemployment rate increased to 3.8 percent in January of 2016 from 3.7 percent in the previous month and staying above market expectations. It was the highest level since March of 2010, as a strong Swiss franc continued to pressure the country's job market leading to a rise in the number of unemployed.

There were 163,644 unemployed persons enrolled at the regional employment centers, about 5,015 more persons than in the previous month. Compared to the same month a year earlier, unemployment increased by 12,698 persons (+8.4 percent). 

The number of jobseekers reached 222,751, more 2,542 persons than in the previous month and 16,613 more than a year earlier (+8.1 percent).

Youth unemployment (15 to 24 year old) increased by 558 persons (+2.7 percent) to 21,180. Compared with January 2015, this represents an increase of 1,669 people (+8.6 percent).

Adjusted for seasonal factors, the unemployment rate stood at 3.4 percent, unchanged from the previous month.

Swiss Jobless Rate Highest Since March 2010


Seco | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/9/2016 9:50:41 AM