Tuesday , September 17 2019
Home / le News / Swiss unemployment down in second quarter of 2019

Swiss unemployment down in second quarter of 2019

Summary:
In the second quarter of 2019, the percentage of Switzerland’s population working rose by 1.1% and the percentage unemployed fell to 4.2%, based on the higher International Labour Organisation’s (ILO) measure. © Pressahotkey | Dreamstime.comIn the second quarter of 2019, 5.1 million people were working in Switzerland, 60% of the population. The number working rose 1.1% compared to the previous year, particularly among women (+2.0%). Employment rose 0.3% among men. The number of unemployed fell to 205,000, 21,000 fewer than at the same point in 2018. The number unemployed was 4.2% of the working population, down from 4.6% at the same point in 2018. The Swiss rate was lower than the average EU-28 rate, which fell from 6.8% to 6.3%. The average time spent out of work fell from 270

Topics:
Investec considers the following as important: , , , ,

This could be interesting, too:

Investec writes Tobacco consumption costs Switzerland 5 billion francs a year

Investec writes Housing vacancies rise in 20 Swiss cantons

Investec writes Tobacco consumption costs Switzerland 5 billion francs a year

Investec writes The remarkable rise of Switzerland’s GDP per capita

In the second quarter of 2019, the percentage of Switzerland’s population working rose by 1.1% and the percentage unemployed fell to 4.2%, based on the higher International Labour Organisation’s (ILO) measure.

Swiss unemployment Q2 2019
© Pressahotkey | Dreamstime.com

In the second quarter of 2019, 5.1 million people were working in Switzerland, 60% of the population. The number working rose 1.1% compared to the previous year, particularly among women (+2.0%). Employment rose 0.3% among men.

The number of unemployed fell to 205,000, 21,000 fewer than at the same point in 2018. The number unemployed was 4.2% of the working population, down from 4.6% at the same point in 2018. The Swiss rate was lower than the average EU-28 rate, which fell from 6.8% to 6.3%.

The average time spent out of work fell from 270 to 269 days and the number of long term unemployed fell from 93,000 to 84,000, with the proportion staying at 41% of all unemployed.

In Switzerland, the youth (15-25) unemployment rate dropped from 6.4% to 6.2%, a rate far lower than the EU-28 average, which fell from 15.0% to 14.1%.

More on this:
Federal Statistical Office press release (in French) – Take a 5 minute French test now

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 *