Swiss Jobless Rate Falls to 4-Month Low

The Swiss unemployment rate dropped to a non-seasonally adjusted 2.5 percent in March 2019 from 2.7 percent in the previous month. It was the lowest jobless rate since November last year, as the number of unemployed declined further.

The number of unemployed people decreased by 7,132 from the previous month, or 6 percent, to 112,341 in March. Compared to the same month a year earlier, unemployment fell by 18,072, or 13.9 percent. Also, the number of jobseekers fell by 7,605, or 3.9 percent, to 189,467; and dropped by 11,652 year-on-year, or 5.8 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to an eight-month low of 2.1 percent in March from 2.3 percent a month earlier, with the number of young unemployed declining by 1,206, or 9.4 percent, to 11,573. Compared to March 2018, it decreased by 1,978 people, or 14.6 percent.

When adjusted for seasonal factors, the unemployment rate stood at 2.4 percent in March, unchanged from the previous month.

Swiss Jobless Rate Falls to 4-Month Low

SECO | Rida Husna |
4/9/2019 11:26:16 AM