Thursday , March 28 2024
Home / le News / Swiss unemployment above northern european average

Swiss unemployment above northern european average

Summary:
Switzerland is often assumed to have low unemployment. However, there are many countries in Europe with lower rates. © Miklmakmagnitka | Dreamstime.com There are several ways to measure unemployment. The official measure in Switzerland is focused on those officially registered as unemployed still collecting unemployment benefits, a measure that delivers a lower figure than the one calculated by the International Labour Organisation (ILO), which includes all those looking for work Switzerland’s official unemployment rate was 2.6% in 2018. However, the ILO rate for Switzerland was 4.9%. The overall rate for northern Europe, which includes the UK, Sweden, Norway, Ireland, Finland, Denmark and Iceland, was 4.7%, slightly below the Swiss rate of 4.9%. A fairly long list of european countries

Topics:
Investec considers the following as important: , ,

This could be interesting, too:

Investec writes Some relief on Swiss electricity bills in pipeline

Investec writes Recent Swiss fire deaths prompt calls for fire detectors

Investec writes Swiss National Bank surprises with interest rate cut

Investec writes 10-step guide to hiring an employee in Switzerland

Switzerland is often assumed to have low unemployment. However, there are many countries in Europe with lower rates.

© Miklmakmagnitka | Dreamstime.com

There are several ways to measure unemployment. The official measure in Switzerland is focused on those officially registered as unemployed still collecting unemployment benefits, a measure that delivers a lower figure than the one calculated by the International Labour Organisation (ILO), which includes all those looking for work

Switzerland’s official unemployment rate was 2.6% in 2018. However, the ILO rate for Switzerland was 4.9%.

The overall rate for northern Europe, which includes the UK, Sweden, Norway, Ireland, Finland, Denmark and Iceland, was 4.7%, slightly below the Swiss rate of 4.9%.

A fairly long list of european countries like Germany (3.4%), Austria (4.8%), Poland (3.7%), Netherlands (3.9%), Norway (3.9%), the UK (4.0%) and the Czech Republic (2.4%), all had lower unemployment than Switzerland based on the ILO definition.

More on this:
ILO unemployment statistics (in English)

For more stories like this on Switzerland follow us on Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *