Swiss Jobless Rate Lowest Since September 2008


The Swiss unemployment rate declined to a non-seasonally adjusted 2.4 percent in May 2018 from 2.7 percent in the previous month and below market expectations of 2.5 percent. It was the lowest jobless rate since September 2008, as the number of unemployed fell further.

In May, the number of unemployed people declined by 10,389 from the previous month to 109,392. Compared to the same month a year earlier, unemployment fell by 30,386, or 21.7 percent.

The number of jobseekers decreased by 8,593 to 185,467. The number decreased by 16,952, or 8.4 percent, compared with the same period last year. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 2 percent in May in from 2.2 percent in April. It was the lowest figure since October 2001. The number of young unemployed dropped by 1,015 to 10,901. Compared to May 2017, it decreased by 4,055 people, or 27.1 percent. 

When adjusted for seasonal factors, the unemployment rate edged down to 2.6 percent in May from 2.7 percent in April.

Swiss Jobless Rate Lowest Since September 2008


Seco | Rida | rida@tradingeconomics.com
6/7/2018 10:55:20 AM