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Swiss Job Numbers Up but too Few Qualified Workers

Summary:
In the second quarter of 2018, the number of jobs in Switzerland rose to 5.048 million, a 2.1% increase on the second quarter of 2017. ©-Catalin205-_-Dreamstime.com_ - Click to enlarge Regions rising the most were Lake Geneva (+3.0%), north west Switzerland (+3.0%), central Switzerland (+2.4%) and Zurich (+2.1%). Rises in job numbers in eastern Switzerland (+1.6%), Mittelland (+1.3%) and Ticino (0%) were lower. Sectors with the highest vacancy rates were IT (4.0%), information and communications (3.1%) and electronics and watch making (3.0%). All were up sharply since Q2 2017. Finding qualified staff was increasingly difficult in sectors such as electronics and watch making, where 40% of employers found it difficult

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In the second quarter of 2018, the number of jobs in Switzerland rose to 5.048 million, a 2.1% increase on the second quarter of 2017.

Swiss Job Numbers Up but too Few Qualified Workers

©-Catalin205-_-Dreamstime.com_ - Click to enlarge

Regions rising the most were Lake Geneva (+3.0%), north west Switzerland (+3.0%), central Switzerland (+2.4%) and Zurich (+2.1%). Rises in job numbers in eastern Switzerland (+1.6%), Mittelland (+1.3%) and Ticino (0%) were lower.

Sectors with the highest vacancy rates were IT (4.0%), information and communications (3.1%) and electronics and watch making (3.0%). All were up sharply since Q2 2017.

Finding qualified staff was increasingly difficult in sectors such as electronics and watch making, where 40% of employers found it difficult to find qualified graduates. Other sectors faced with the same challenge include IT (31%), information and communications (35%) and financial services (32%).

The regions worst affected by a shortage of qualified graduates were Zurich (20%), north west Switzerland (17%) and Lake Geneva (16%).


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