le News

More and more people in Switzerland want to work less, according to a study published by Swissstaffing, a placement agency umbrella organisation, reported SRF. Photo by ELEVATE on Pexels.comA shortage of skilled workers is a perennial challenge in Switzerland. One potential solution is for part-time staff to work longer hours and extend retirement. However, reality is different. Swiss workers generally want to work less, and nearly half would like to change jobs, leaving employers with...

This week, the price comparison website Comparis published an article containing estimates of health insurance premium rises next year. It expects premiums to rise by an average of 6% in 2025. Swiss © Rochu2008 | Dreamstime.comDespite average premiums rising 8.7% in 2024, some insurance companies will have thin reserves by the the end of the year, forcing them to hike premiums in 2025, said the company. Higher health care costs are behind the pressure to raise premiums, it said. Costs...

According to data from the State Secretariat for Economic Affairs (SECO), 106,957 people were registered as unemployed at the end of April 2024, 1,636 (-1.5%) fewer than in the previous month, taking the rate from 2.4% to 2.3%. However, unemployment remained higher (+0.3 percentage points) than it was at the same time in 2023. Photo by Tim Gouw on Pexels.comAt the end of April 2024, youth unemployment (2.0%) and unemployment among those aged 50-64 (2.2%) were lower than the average...

The recent winter season was positive for Switzerland’s mountain resort lift operators. However, the picture was mixed with low altitude resorts missing out on much of the joy, reported Switzerland’s mountain lift association this week. By the end of April 2024, the number of first-time visitors to Swiss ski areas overall was up 3% compared to the previous year, and up by 5% compared to the 5-year average. Early snow in November and December combined with late snow in April extended...

The population is growing exceptionally fast in Switzerland. The nation draws many migrants from the EU and takes in proportionally high numbers of refugees. Over the last 20 years, the nation’s population has risen by 20%, far more than in France (10%), Austria (12%), Italy (3%) and Germany (2%) over the same period. In addition to these large inflows of people from outside, cantons with the highest growth rates have been exporting people to other cantons, according to figures published by...

After the successful vote to raise Swiss state pensions by one twelfth (a 13th month payment), the question of how to fund the extra CHF 4.2 billion a year required has been preoccupying many in Bern. This week, a parliamentary commission voted 13 versus 12 to postpone the question and to tackle it later during planned discussions aimed at reforming the pension system more generally, reported SRF. © Hai Huy Ton That | Dreamstime.comMany behind the vote argued a 13th month pension payment...

After increasing for three quarters in a row, residential property prices in Switzerland fell during the first quarter of 2024, according to data from the Federal Statistical Office (FSO). Photo by Louis on Pexels.comThe Swiss residential property price index (IMPI) fell by 1.0% in the period from January to March 2024. At the same time prices remained 1.5% higher than they were a year earlier. The prices of both apartments (-1.3%) and single-family homes (-0.7%) contributed to the...

Consumer prices in Switzerland increased by 0.316% in April 2024, rising 1.4% over the previous 12 months, reported Switzerland’s Federal Statistical Office (FSO) this week. However, annualised, the monthly rate comes to 3.79%, a rate well above the Swiss National Bank’s (SNB) preferred maximum of 2%. Photo by Kampus Production on Pexels.comApril’s 0.3% monthly price increase was driven by several factors including rising prices for packaged holidays abroad (+6.7%), airfares (+3.4%) and...

This week, the Swiss National Bank (SNB) announced a record quarterly profit for the first quarter of 2024. The result was largely predicted after the SNB made a surprise interest rate cut, which led to a weaker Swiss Franc. Switzerland’s central bank is unusual. It is privately owned (mainly by a German citizen) but distributes much of its profit to the nation’s cantons and federal government. This feature adds to the politicisation of monetary policy in Switzerland as it increases the...

Data published this week by the Federal Statistical Office (FSO) show a 2.5% rise in spending on healthcare in Switzerland in 2022. The increase is below the average rate of 3.2% over the five years before. © Polly In | Dreamstime.comDuring 2022, Switzerland spent CHF 91.5 billion on healthcare, which is more than CHF 10,000 per person. Between 2021 and 2022, spending rose CHF 2.2 billion. The largest cost components were hospital costs (32.6 billion), aged care (14.5 billion) and...