Swiss June Jobless Rate Unchanged at Near 10-Year Low


The Swiss unemployment rate came in at a non-seasonally adjusted 2.4 percent in June 2018, unchanged from the previous month and the lowest since September 2008.

The number of unemployed people declined by 2,813 from the previous month, or 2.6 percent, to 106,579 in June. Compared to the same month a year earlier, unemployment fell by 27,024, or 20.2 percent.

Also, the number of jobseekers dropped by 5,690 to 179,777 in June, and declined by 17,119 year-on-year, or 8.7 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 1.9 percent in June in from 2 percent in May. It was the lowest figure since September 2001. The number of young unemployed dropped by 164 to 10,737. Compared to June 2017, it decreased by 3,371 people, or 23.9 percent. 

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

Swiss June Jobless Rate Unchanged at Near 10-Year Low


SECO | Rida | rida@tradingeconomics.com
7/9/2018 9:01:02 AM