Sunday , August 25 2019
Home / le News / Switzerland has highest underemployment in Europe

Switzerland has highest underemployment in Europe

Summary:
In 2018, 830,000 people in Switzerland were unable to find the work they wanted, according the Federal Statistical Office. © Mr.phonlawat Chaicheevinlikit | Dreamstime.comWhile 243,000 were looking but not immediately available and 231,000 were unemployed, most (356,000) were underemployed – working but unable to find as many hours of work as they’d like. The additional hours sought by underemployed workers was equivalent to 108,000 full time positions. Switzerland has the highest rate of underemployment (7.0%) in Europe. The EU average in 2018 was 3.4%. The next highest underemployment rates in Europe were in Spain (5.6%), Cyprus (5.4%) and Greece (5.2%). Rates in Germany (2.8%), France (5.1%), Italy (2.6%) and the UK (4.3%) were even lower than these countries.

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

This could be interesting, too:

Investec writes Swiss unemployment down in second quarter of 2019

Investec writes Swiss health insurers to send patients to pharmacy first

Investec writes Work related stress rising in Switzerland

Investec writes Swiss unemployment down in second quarter of 2019

In 2018, 830,000 people in Switzerland were unable to find the work they wanted, according the Federal Statistical Office.

Underemployment Switzerland
© Mr.phonlawat Chaicheevinlikit | Dreamstime.com

While 243,000 were looking but not immediately available and 231,000 were unemployed, most (356,000) were underemployed – working but unable to find as many hours of work as they’d like.

The additional hours sought by underemployed workers was equivalent to 108,000 full time positions.

Switzerland has the highest rate of underemployment (7.0%) in Europe. The EU average in 2018 was 3.4%.

The next highest underemployment rates in Europe were in Spain (5.6%), Cyprus (5.4%) and Greece (5.2%). Rates in Germany (2.8%), France (5.1%), Italy (2.6%) and the UK (4.3%) were even lower than these countries.

Underemployment affects women more than men. In Switzerland, the rate of underemployment was 3.6% for men and 10.8% for women. Across the EU it was 2.1% for men and 4.8% for women.

The total work shortage in Switzerland, including the unemployed, those searching but not immediately available, and the underemployed corresponded to 299,000 full time positions. Women made up 55% of this total and men 45%.

More on this:

Federal Statistical Office report (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 *