Swiss Jobless Rate Drops to 3.4% in February


The unemployment rate in Switzerland dropped to 3.4% from 3.5% in the previous month, the State Secretariat for Economic Affairs said on March 8.

The unadjusted figure slid to 3.6% from 3.8% and equaled November's rate. The unadjusted jobless rate dropped for the first time since September last year.

The number of registered unemployed, on an unadjusted basis, was 143,325 in February, down 3.7% from 148,784 in January. From the same month last year, the figure dropped by 29,674 persons. Youth unemployment dropped by 1,170 persons monthly to 21,280.


TradingEconomics.com, SECO
3/9/2011 1:35:36 PM