Swiss Jobless Rate Edges Down To 3.6% In February


Swiss unadjusted unemployment rate fell slightly to 3.6 percent in February of 2017 from 3.7 percent in January, as the number of unemployed and jobseekers went down.

In February, there were 159,809 unemployed persons enrolled at the regional employment centers, about 4,657 less persons than in the prior month. Compared to the same month a year earlier, unemployment decreased by 1,608 persons (-1 percent). 

The number of jobseekers reached 223,627, a drop of 3,234 persons compared with January while it increased by 739 compared with the same period last year. 

Youth unemployment (15 to 24 year old) fell 674 persons to 19,108. Compared with February 2016, this represents a decrease of 1,383 people (-0.2 percent). 

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


Seco | Rida Husna | rida@tradingeconomics.com
3/9/2017 11:44:26 AM