Switzerland Unemployment Rate Down to 3.1% in April

In April, the unemployment rate fell for the second month in a row to 3.1 percent, from 3.2 percent recorded in the previous month.
SECO | Joana Taborda | joana.taborda@tradingeconomics.com 5/7/2013 1:28:10 PM

The non-seasonally adjusted unemployment rate decreased to 3.1 percent in April from 3.2 percent in March. When adjusted for seasonal factors, the unemployment rate remained unchanged at 3.1 percent.

The number of job vacancies increased to 16 135 in April from 16 022 in the previous month, while registered unemployed dropped to 135 851 in April form 138 993 in March. 

Compared to March, youth (15-24 year-olds) unemployment decreased by 990 persons (-5.3 percent) to 17 812. Compared to the same month last year, this represents an increase of 1 143 persons (+6.9 percent).

Total 190 thousand job seekers were registered, 3.8 thousand less than in the previous month. Compared to the same period last year this figure rose by 14 thousand people (+8.1 percent). The number of reported vacancies in the regional employment centers increased to 16 thousand.

The number of persons who had exhausted their entitlement to unemployment benefit during the month of February of 2013 was 2 758.

Switzerland Unemployment Rate Down to 3.1% in April