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Switzerland Unemployment in March 2018: Down to 2.9 percent from 3.2 percent, seasonally adjusted unchanged at 2.9 percent

 

Unemployment Rate (not seasonally adjusted)

Unemployment registered in March 2018 – According to surveys by the State Secretariat for Economic Affairs (SECO), at the end of March 2018 130’413 unemployed people were registered at the regional employment agencies (RAV), 13’517 less than in the previous month. The unemployment rate fell from 3.2% in February 2018 to 2.9% in the month under review. Compared to the same month of the previous year, unemployment fell by 21,867 persons (-14.4%).

Switzerland Unemployment Rate n.s.a., May 2013 - Apr 2018

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Switzerland Unemployment Rate n.s.a., May 2013 - Apr 2018

Source: investing.com - Click to enlarge

Seasonally adjusted Unemployment Rate

The seasonally adjusted unemployment rate is unchanged at 2.9%.

Switzerland Unemployment Rate s.a., May 2013 - Apr 2018

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Switzerland Unemployment Rate s.a., May 2013 - Apr 2018

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Number of unemployed and Job seekers

Youth unemployment in March 2018

Youth unemployment (aged 15-24) decreased by 2’240 (-14.2%) to 13’551. Compared to the same month of the previous year, this corresponds to a decrease by 4’012 persons (-22.8%).

Unemployed 50 and more in March 2018
The number of unemployed 50 and more decreased by 2’483 persons (-6.3%) to 36’639. Compared to the same month of the previous year, this represents a decrease of 3,310 persons (-8.3%).

Job seekers in March 2018
A total of 201,119 jobseekers were registered, 7,498 fewer than in the previous month. Compared with the same period of the previous year, this figure was thus 16,129 (-7.4%).

Notified vacancies in March 2018
The number of vacancies reported to RAV increased by 106 to 13,228.

Billed short-time working in January 2018
In January 2018, 1,941 people were affected by short-time work, 582 more (+ 42.8%) than in the previous month. The number of affected companies increased by 31 units (+ 25.4%) to 153. The lost working hours increased by 15’151 (+ 18.6%) to 96’468 hours. In the corresponding period of the previous year (January 2017), 356,691 lost hours had been registered, which had spread to 6,217 persons in 541 companies.

Deductions in January 2018

According to preliminary figures from unemployment insurance funds, the number of persons who had exhausted their right to unemployment benefit during the month of January 2018 amounted to 3’565 persons.

Switzerland, Number of Employed and Number of Job Seekers, March 2018

Switzerland, Number of Employed and Number of Job Seekers, March 2018

Source: newsd.admin.ch - Click to enlarge

 

Full story here
About SECO
SECO
State Secretariat for Economic Affairs SECO SECO is the federal government`s centre of excellence for all core issues relating to economic and labour market policy. It is our aim to contribute to sustained economic growth, high employment and fair working conditions, by creating the necessary regulatory, economic and foreign policy framework.
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