Swiss Jobless Rate Falls to 3-Month Low of 3.2% in February



Swiss unadjusted unemployment rate unexpectedly edged down to 3.2 percent in February of 2018 from 3.3 percent in the prior month while markets expected 3.4 percent. It was the lowest jobless rate since November 2017, as the number of unemployed and jobseekers dropped.

In February, there were 143,930 unemployed persons enrolled at the regional employment centers, about 5,231 less persons than in the prior month. Compared to the same month a year earlier, unemployment declined by 15,879 persons (-9.9 percent). 

The number of jobseekers reached 208,617, a decrease of 4,508 persons compared with January 2018 2017 and it decreased by 15,010 compared with the same period last year. 

Youth unemployment (15 to 24 year old) decreased by 754 persons to 15,791. Compared to February 2017, this represents a decrease of 3,317 people (-17.4 percent). 

Adjusted for seasonal factors, the unemployment fell slightly to 2.9 percent from 3 percent in the prededing month.

Swiss Jobless Rate Falls to 3-Month Low of 3.2% in February


Seco l Rida Husna | rida@tradingeconomics.com
3/8/2018 7:08:31 AM