Swiss Jobless Rate Holds Steady at 10-Year Low



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

The number of unemployed people increased by 1,841 from the previous month, or 1.7 percent, to 107,893 in August. Compared to the same month a year earlier, unemployment fell by 27,685, or 20.4 percent.

Also, the number of jobseekers rose by 118, or 0.1 percent, to 179,975 in August, but declined by 15,359 year-on-year, or 7.9 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 2.6 percent in August from 2.1 percent in July. It was the highest rate since February, as the number of young unemployed increased by 2,691 to 14,498. Compared to August 2017, it decreased by 4,254 people, or 22.7 percent. 

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

Swiss Jobless Rate Holds Steady at 10-Year Low


SECO | Rida | rida@tradingeconomics.com
9/7/2018 8:59:39 AM