Swiss Jobless Rate Falls to 11-Month Low

Swiss unadjusted unemployment rate decreased to 3.1 percent in June 2016 from a downwardly revised 3.2 percent in the previous month, beating market expectations of 3.3 percent. It was the lowest level since July last year, as the number of unemployed fell 4.1 percent.

There were 139,127 unemployed persons enrolled at the regional employment centers, about 5,651 less persons (-4.1 percent) than in the previous month. Compared to the same month a year earlier, unemployment increased by 5,871 persons (+4.4 percent). 

The number of jobseekers reached 201,131, a decrease of 5,108 persons compared with May while it increased by 10,041 compared with the same period last year (+5.3 percent).

Youth unemployment (15 to 24 year old) decreased by 932 persons (-5.6 percent) to 15,791. Compared with June 2015, this represents a decrease of 62 people (-0.4 percent).

Adjusted for seasonal factors, the unemployment rate stood at 3.3 percent, unchanged from the previous month.

Swiss Jobless Rate Falls to 11-Month Low

Seco | Joana Ferreira |
7/8/2016 8:09:41 AM