Swiss Jobless Rate Steady at 32-Month Low in July


Swiss unadjusted unemployment rate stood at 3.0 percent in July of 2017, the same as in June and in line with market estimates. The jobless rate remained at its lowest since October 2014, as the number of unemployed and jobseekers fell.

In July, there were 133,926 unemployed persons enrolled at the regional employment centers, about 323 less persons than in the prior month. Compared to the same month a year earlier, unemployment decreased by 5,384 persons (-3.9 percent). 

The number of jobseekers reached 195,223, a drop of 1,673 persons compared with June while it decreased by 4,124 compared with the same period last year. 

Youth unemployment (15 to 24 year old) went up by 1,555 persons to 15,663. Compared to July 2016, this represents a decrease of 1,444 people (-8.4 percent). 

Adjusted for seasonal factors, the unemployment rate came in at 3.2 percent, the same as the prior three months.

Seco l Rida Husna | rida@tradingeconomics.com
8/8/2017 5:55:22 AM