Swiss Jobless Rate Rises to 8-Month High


The Swiss unemployment rate rose to a non-seasonally adjusted 2.7 percent in December 2018 from 2.5 percent in the previous month. It was the highest jobless rate since April as the number of unemployed rose markedly.

The number of unemployed people rose by 9,187 from the previous month, or 8.3 percent, to 119,661 in December. Compared to the same month a year earlier, unemployment fell by 26,993, or 18.4 percent.
Also, the number of jobseekers went up by 7,738, or 4.1 percent, to 197,950; but dropped by 14,068 year-on-year, or 6.6 percent. 
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was unchanged at 2.4 percent in December, with the number of young unemployed rising by 152, or 1.2 percent, to 13,172. Compared to December 2017, it decreased by 3,508 people, or 21.0 percent. 
When adjusted for seasonal factors, the unemployment rate stood at 2.4 percent in December, unchanged from the previous month.

Swiss Jobless Rate Rises to 8-Month High


SECO | Rida | rida@tradingeconomics.com
1/8/2019 12:02:17 PM