Swiss Jobless Rate Falls To 4-Month Low Of 3.4% In March


Swiss unadjusted unemployment rate fell to 3.4 percent in March of 2017 from 3.6 percent in February and in line with market estimates. It was the lowest jobless figure since November 2016, as the number of unemployed and jobseekers went down.

In March, there were 152,280 unemployed persons enrolled at the regional employment centers, about 7,529 less persons than in the prior month. Compared to the same month a year earlier, unemployment decreased by 3,044 persons (-2 percent). 

The number of jobseekers reached 217,248, a drop of 6,379 persons compared with February while it decreased by 939 compared with the same period last year. 

Youth unemployment (15 to 24 year old) fell 1,545 persons to 17,563. Compared with March 2016, this represents a decrease of 1,344 people (-7.1 percent). 

Adjusted for seasonal factors, the unemployment rate stood at 3.3 percent, unchanged from the prior six months. 

Swiss Jobless Rate Falls To 4-Month Low Of 3.4% In March


Seco l Rida Husna | rida@tradingeconomics.com
4/7/2017 5:54:12 AM