Swiss Jobless Rate Rises To 7-Month High


Swiss unadjusted unemployment rate increased to 3.3 percent in November of 2016, compared to a 3.2 percent in the previous month. It was the highest jobless figure since April, as the number of unemployed went up. Adjusted for seasonal factors, the unemployment rate also stood at 3.3 percent, unchanged from the prior two months.

In November, there were 149,228 unemployed persons enrolled at the regional employment centers, about 4,697 more persons than in the previous month. Compared to the same month a year earlier, unemployment increased by 1,085 persons (+0.0 percent). 

The number of jobseekers reached 215,215, an increase of 7,703 persons compared with October while it increased by 4,329 compared with the same period last year.

Youth unemployment (15 to 24 year old) decreased by 174 persons to 18,921. Compared with November 2015, this represents a decrease of 1,133 people (-0.2 percent).

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

Seco l Rida Husna | rida@tradingeconomics.com
12/9/2016 12:08:45 PM