Swiss Jobless Rate Falls to Near 6-Year Low

The Swiss unemployment rate fell to a non-seasonally adjusted 2.7 percent in April 2018 from 2.9 percent in the previous month, while markets were expecting it to remain unchanged. It was the lowest jobless rate since July 2012, as the number of unemployed declined further.

The number of unemployed people declined by 10,632 from the previous month to 119,781 in April. Compared to the same month a year earlier, unemployment fell by 26,546, or 18.1 percent. 

The number of jobseekers decreased by 7,059 from the previous period to 194,060. The number decreased by 14,297, or 6.9 percent, compared with the same period last year. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 2.2 percent in April, the lowest since October 2001, from 2.5 percent in March. The number of young unemployed dropped by 1,635 to 11,916. Compared to April 2017, it decreased by 4,300 people, or 26.5 percent. 

When adjusted for seasonal factors, the unemployment rate edged down to 2.7 percent in April from 2.8 percent in March.

Swiss Jobless Rate Falls to Near 6-Year Low

Seco l Rida Husna |
5/8/2018 9:11:59 AM