Swiss Jobless Rate Steady at 3.0% for 3rd Month


Swiss unadjusted unemployment rate stood at 3.0 percent in August of 2017, the same as in the prior two months. The figure remained at its lowest since October 2014 and in line with market consensus.

In August, there were 135,578 unemployed persons enrolled at the regional employment centers, about 1,652 more persons than in the prior month. Compared to the same month a year earlier, unemployment decreased by 7,280 persons (-5.1 percent). 

The number of jobseekers reached 195,334, an increase of 111 persons compared with July while it decreased by 6,655 compared with the same period last year. 

Youth unemployment (15 to 24 year old) went up by 3,089 persons to 18,752. Compared to August 2016, this represents a decrease of 1,888 people (-9.1 percent). 

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

Swiss Jobless Rate Steady at 3.0% for 3rd Month


Seco l Rida Husna | rida@tradingeconomics.com
9/8/2017 6:10:36 AM