Swiss Jobless Rate Rises to 6-Month High of 3.1%

Swiss unadjusted unemployment rate edged up to 3.1 percent in November of 2017 from 3.0 percent in the prior five months. It was the highest jobless rate since May and in line with market consensus, as the number of unemployed and jobseekers increased.

In November, there were 137,317 unemployed persons enrolled at the regional employment centers, about 2,517 more persons than in the prior month. Compared to the same month a year earlier, unemployment declined by 11,911 persons (-8.0 percent). 

The number of jobseekers reached 204,141, an increase of 6,116 persons compared with October while it decreased by 11,074 compared with the same period last year. 

Youth unemployment (15 to 24 year old) fell by 335 persons to 16,570. Compared to November 2016, this represents a decrease of 2,351 people (-12.4 percent). 

Adjusted for seasonal factors, the unemployment edged down to 3.0 percent from 3.1 percent in the prior month.

Swiss Jobless Rate Rises to 6-Month High of 3.1%

Seco l Rida Husna |
12/7/2017 7:06:39 AM