Swiss Jobless Rate Falls To 5-Month Low Of 3.3% In April


Swiss unadjusted unemployment rate fell slightly to 3.3 percent in April of 2017 from 3.4 percent in March 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 April, there were 146,327 unemployed persons enrolled at the regional employment centers, about 5,935 less persons than in the prior month. Compared to the same month a year earlier, unemployment decreased by 3,213 persons (-2.1 percent). 

The number of jobseekers reached 208,357, a drop of 8,891 persons compared with March while it decreased by 2,569 compared with the same period last year. 

Youth unemployment (15 to 24 year old) fell 1,347 persons to 16,216. Compared with April 2016, this represents a decrease of 1,655 people (-9.3 percent). 

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

Seco l Rida Husna | rida@tradingeconomics.com
5/9/2017 6:09:50 AM