Tuesday , April 23 2019
Home / SNB & CHF / Swiss unemployment above northern european average

Swiss unemployment above northern european average

Summary:
© Miklmakmagnitka | Dreamstime.com Switzerland is often assumed to have low unemployment. However, there are many countries in Europe with lower rates. There are several ways to measure unemployment. The official measure in Switzerland is focused on those officially registered as unemployed still collecting unemployment benefits, a measure that delivers a lower figure than the ...

Topics:
Investec considers the following as important: , ,

This could be interesting, too:

Swissinfo writes Geneva bans sale of single-use plastic on public land

Charles Hugh Smith writes How Empires Fall: Moral Decay

Marc Chandler writes Cool Video: Discussion of the Deflationary Risks in Japan and Brexit

Marc Chandler writes FX Daily, April 22: Surge in Oil Punctures Holiday Markets

Swiss unemployment above northern european average

© Miklmakmagnitka | Dreamstime.com

Switzerland is often assumed to have low unemployment. However, there are many countries in Europe with lower rates.

There are several ways to measure unemployment. The official measure in Switzerland is focused on those officially registered as unemployed still collecting unemployment benefits, a measure that delivers a lower figure than the one calculated by the International Labour Organisation (ILO), which includes all those looking for work

Switzerland’s official unemployment rate was 2.6% in 2018. However, the ILO rate for Switzerland was 4.9%.

The overall rate for northern Europe, which includes the UK, Sweden, Norway, Ireland, Finland, Denmark and Iceland, was 4.7%, slightly below the Swiss rate of 4.9%.

A fairly long list of european countries like Germany (3.4%), Austria (4.8%), Poland (3.7%), Netherlands (3.9%), Norway (3.9%), the UK (4.0%) and the Czech Republic (2.4%), all had lower unemployment than Switzerland based on the ILO definition.


Tags: ,
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Your email address will not be published.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 *