Swiss Unemployment Rate Steady in December

The number of jobless went up slightly in December and for 2010 as a whole. While most experts feel there is little to worry about, the strong franc is a concern.

The State Secretariat for Economic Affairs (Seco) reported on Friday that there were 148,636 people without a job in December, representing 3.6 per cent of the labour force when adjusted for seasonal factors (3.8 per cent unadjusted).

This represents an increase of 6,968 jobless compared with the month of November.
For 2010 as a whole there were on average 151,986 jobless, which represents an annual rate of 3.9 per cent. It was 3.7 per cent in 2009.

Swiss Unemployment Rate Steady in December
1/9/2011 8:22:07 PM