Swiss Jobless Rate Lowest Since 2014

The Swiss unemployment rate fell to a non-seasonally adjusted 2.9 percent in March 2018 from 3.2 percent in the prior month and below market expectations of 3 percent. It was the lowest jobless rate since September 2014, as the number of unemployed declined further.

The number of unemployed people declined by 13,517 from the previous month to 130,413 in March. Compared to the same month a year earlier, unemployment fell by 21,867, or 14.4 percent. 

The number of jobseekers decreased by 7,498 from the previous period to 201,119. The number decreased by 16,129, or 7.4 percent, compared with the same period last year. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, also fell to 2.5 percent in March from 2.9 percent in February. The number of young unemployed dropped by 2,240 to 13,551. Compared to March last year, it decreased by 4,012 people, or 22.8 percent. 

When adjusted for seasonal factors, the unemployment rate stood at 2.9 percent, the same rate as in February.

 Swiss Jobless Rate Lowest Since 2014

Seco l Rida Husna |
4/9/2018 1:05:40 PM