Swiss July Jobless Rate Steady at Near 10-Year Low

The Swiss unemployment rate came in at a non-seasonally adjusted 2.4 percent in July 2018, unchanged from the previous month. The jobless rate remained at its lowest level since September 2008.

The number of unemployed people declined by 527 from the previous month, or 0.5 percent, to 106,052 in July. Compared to the same month a year earlier, unemployment fell by 27,874, or 20.8 percent.

Also, the number of jobseekers was almost unchanged at 179,857 in July, and declined by 15,366 year-on-year, or 7.9 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 2.1 percent in July from a near 17-year low of 1.9 percent in June. The number of young unemployed increased by 1,070 to 11,807. Compared to July 2017, it decreased by 3,856 people, or 24.6 percent. 

When adjusted for seasonal factors, the unemployment rate stood at 2.6 percent in July, the same as in June.

Swiss July Jobless Rate Steady at Near 10-Year Low

SECO | Rida |
8/9/2018 9:58:50 AM