Swiss Jobless Rate Falls To 10-Month Low Of 3.1% In March


Swiss unadjusted unemployment rate declined to 3.1 percent in May of 2017 from 3.3 percent in April and in line with market estimates. It was the lowest jobless rate since July 2016, as the number of unemployed and jobseekers fell.

In May, there were 139,778 unemployed persons enrolled at the regional employment centers, about 6,549 less persons than in the prior month. Compared to the same month a year earlier, unemployment decreased by 5,000 persons (-3.5 percent). 

The number of jobseekers reached 202,419, a drop of 5,938 persons compared with April while it decreased by 3,820 compared with the same period last year. 

Youth unemployment (15 to 24 year old) fell 1,260 persons to 14,956. Compared to May 2016, this represents a decrease of 1,767 people (-10.6 percent). 

Adjusted for seasonal factors, the unemployment rate stood at 3.2 percent, the same as a downwardly revised figure in the prior month.

Seco l Rida Husna | rida@tradingeconomics.com
6/8/2017 6:44:05 AM