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Swiss labour market remains strong

The Swiss labour market continues to show signs of strength against a backdrop of geopolitical and economic uncertainties. This was stated by Jérôme Cosandey, head of the labour division at the State Secretariat for Economic Affairs (SECO), while commenting via teleconference on the unemployment figures (3% in August). The only significant increase was among young people aged between 15 and 24, with the unemployment rate rising to 3.4% in the eighth month of the year. This was an increase of 0.6 percentage points compared with July, with 2,400 more people out of work (bringing the total to 14,700). According to Cosandey, however, this is a perfectly normal seasonal phenomenon as every summer, thousands of young people who have finished school, vocational training or university enter the labour market and have not yet found a job. Unemployment in this age group usually peaks in August. The number of unemployed under-20s then falls rapidly as autumn approaches, while for ... Full story here Are you the author?
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