Wednesday , June 16 2021
Home / le News / Sharp drop in hours worked in Switzerland in 2020

Sharp drop in hours worked in Switzerland in 2020

Summary:
The total number of hours worked in Switzerland in 2020 dropped by nearly 4% compared to 2019, announced the Federal Statistical Office this week. © Thanasak Boonchoong | Dreamstime.comIn a year marked by the Covid-19 pandemic total hours worked in Switzerland dropped by nearly 300 million or 3.7% compared to the previous year. In 2019, 7.9 billion hours of work were clocked up in Switzerland. In 2020, this figure fell to 7.6 billion. Unsurprisingly, the biggest falls in hours worked were in the hotel and restaurant (-29%), transport (-7%) and retail (-6%) sectors. In a few sectors, such as government administration (+5%), agriculture (+2%) and finance and insurance (+2%) the number of hours worked rose. The number of hours worked in the health and social sector was

Topics:
Investec considers the following as important: , ,

This could be interesting, too:

Investec writes Swiss to vote on CO2 taxes. How much could it cost?

Investec writes Swiss Unemployment Continues to Fall in May

Investec writes Swiss unemployment continues to fall in May

Investec writes Switzerland clears Covid-19 vaccine for 12 to 15 year-olds

The total number of hours worked in Switzerland in 2020 dropped by nearly 4% compared to 2019, announced the Federal Statistical Office this week.

© Thanasak Boonchoong | Dreamstime.com

In a year marked by the Covid-19 pandemic total hours worked in Switzerland dropped by nearly 300 million or 3.7% compared to the previous year.

In 2019, 7.9 billion hours of work were clocked up in Switzerland. In 2020, this figure fell to 7.6 billion.

Unsurprisingly, the biggest falls in hours worked were in the hotel and restaurant (-29%), transport (-7%) and retail (-6%) sectors.

In a few sectors, such as government administration (+5%), agriculture (+2%) and finance and insurance (+2%) the number of hours worked rose.

The number of hours worked in the health and social sector was virtually unchanged (+0.2%).

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

Sharp drop in hours worked in Switzerland in 2020

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 *