Swiss Jobless Rate Steady at 3.2% in September


Swiss unadjusted unemployment rate stood at 3.2 percent in September of 2016, unchanged from the previous month and in line with market estimates. The number of unemployed rose slightly while that of jobseekers were down.

In September, there were 142,675 unemployed persons enrolled at the regional employment centers, about 183 less persons than in the previous month. Compared to the same month a year earlier, unemployment increased by 4,449 persons (+0.1 percent). 

The number of jobseekers reached 203,568, an increase of 1,579 persons compared with August while it increased by 7,526 compared with the same period last year.

Youth unemployment (15 to 24 year old) decreased by 613 persons to 20,027. Compared with September 2015, this represents a decrease of 591 people (-0.1 percent).

Adjusted for seasonal factors, the unemployment rate stood at 3.4 percent, up from 3.3 percent in the preceding two months.

Seco l Rida Husna | rida@tradingeconomics.com
10/10/2016 6:22:59 AM