by During the first quarter of 2022 the number of people employed in Switzerland rose by 1.7% and the unemployment rate, as defined by the International Labor Organisation (ILO) fell from 5.8% to 4.6%. © Heying Hua | Dreamstime.comIn addition, the average number of hours worked by those employed rose by 2.8%. The overall rate of unemployment in Switzerland by the end of the quarter (4.6%) was well below the rate across the EU (6.5%). A total of 5.1 million people were working out of a population of 8.6 million. The sharpest rise in employment was among foreigners whose workforce participation rose by 4.1% compared to Swiss nationals whose participation rose 0.5%. Unemployment among younger workers (15 to 24) also declined from 8.8% to 7.2%. Across the EU 14% were unemployed
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Investec considers the following as important: Personal finance, Unemployment Switzerland
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During the first quarter of 2022 the number of people employed in Switzerland rose by 1.7% and the unemployment rate, as defined by the International Labor Organisation (ILO) fell from 5.8% to 4.6%.
In addition, the average number of hours worked by those employed rose by 2.8%.
The overall rate of unemployment in Switzerland by the end of the quarter (4.6%) was well below the rate across the EU (6.5%).
A total of 5.1 million people were working out of a population of 8.6 million. The sharpest rise in employment was among foreigners whose workforce participation rose by 4.1% compared to Swiss nationals whose participation rose 0.5%.
Unemployment among younger workers (15 to 24) also declined from 8.8% to 7.2%. Across the EU 14% were unemployed among this age group at the end of the first quarter of 2022.
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