Swiss Jobless Rate Lowest in 6 Months


The Swiss unemployment rate inched lower to a non-seasonally adjusted 2.4 percent in April 2019 from 2.5 percent in the previous month. This was the lowest jobless rate since October last year, as the number of unemployed dropped further.

The number of unemployed people decreased by 5,043 from the previous month, or 4.5 percent, to 107,298 in April. Compared to the same month a year earlier, unemployment fell by 12,483, or 10.4 percent. Also, the number of jobseekers fell by 5,918, or 3.1 percent, to 183,549; and dropped by 10,511 year-on-year, or 5.4 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to an 11-month low of 1.9 percent in April from 2.1 percent a month earlier, with the number of young unemployed declining by 912, or 7.9 percent, to 10,661. Compared to April 2018, it decreased by 1,255 people, or 10.5 percent.

When adjusted for seasonal factors, the unemployment rate stood at 2.4 percent in April, unchanged from the previous month.

Swiss Jobless Rate Lowest in 6 Months


SECO l Rida Husna | rida@tradingeconomics.com
5/8/2019 8:15:27 AM