Swiss Jobless Rate Steady for 3rd Month at 3.2%


Swiss unadjusted unemployment rate stood at 3.2 percent in October of 2016, the same as in the previous two months and in line with market estimates. The number of unemployed was virtually stable while that of jobseekers rose slightly.

In October, there were 144,531 unemployed persons enrolled at the regional employment centers, about 1,856 more persons than in the previous month. Compared to the same month a year earlier, unemployment increased by3,262 persons (+0.1 percent). 

The number of jobseekers reached 207,512, an increase of 3,944 persons compared with September while it increased by 6,592 compared with the same period last year.

Youth unemployment (15 to 24 year old) decreased by 932 persons to 19,095. Compared with October 2015, this represents a decrease of 715 people (-0.1 percent).

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

Seco l Rida Husna | rida@tradingeconomics.com
11/8/2016 7:09:27 AM