Swiss Jobless Rate Up to 8-Month High of 3.5% in December


Swiss unadjusted unemployment rate increased to 3.5 percent in December of 2016, compared to a 3.3 percent in November and above market estimates of 3.3 percent. It was the highest jobless rate since April, as the number of unemployed and jobseekers went up.

In December, there were 159,372 unemployed persons enrolled at the regional employment centers, about 10,144 more persons than in the previous month. Compared to the same month a year earlier, unemployment increased by 743 persons (+0.0 percent). 

The number of jobseekers reached 223,413, an increase of 8,198 persons compared with November while it increased by 3,204 compared with the same period last year.

Youth unemployment (15 to 24 year old) increased by 295 persons to 19,216. Compared with December 2015, this represents a decrease of 1,406 people (-0.2 percent).

Adjusted for seasonal factors, the unemployment rate stood at 3.3 percent, unchanged from the prior three months. 

Seco l Rida Husna | rida@tradingeconomics.com
1/10/2017 6:58:11 AM