by A meeting a a regional job centre, or RAV, in German, here in Thun (staged picture) (© Keystone / Gaetan Bally) The Swiss unemployment rate fell to 2.3% in 2019, according to the State Secretariat for Economic Affairs (SECO). That’s the lowest yearly rate for almost 20 years. SECO said in a statementexternal link on Friday that 106,932 people were registered with regional job centres in 2019, 9.5% less than in the previous year. The only blip: the rate rose to a non-seasonally adjusted 2.5% in December 2019 from 2.3% in the previous month. The 2019 figure “shows that the labour market is in a good state,” SECO said. This was “despite subdued economic growth”, it added. + Swiss economy tipped to remain stagnant next year The previous time such a low rate was
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swiss Info, Featured, newsletter, Work
This could be interesting, too:
Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression
Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism
Douglas French writes Millennials: In Costco We Trust
Vasil Georgiev writes Luftfahrtindustrie: Rückblick auf 2023 und Prognose für 2024
A meeting a a regional job centre, or RAV, in German, here in Thun (staged picture) (© Keystone / Gaetan Bally)
The Swiss unemployment rate fell to 2.3% in 2019, according to the State Secretariat for Economic Affairs (SECO). That’s the lowest yearly rate for almost 20 years.
SECO said in a statementexternal link on Friday that 106,932 people were registered with regional job centres in 2019, 9.5% less than in the previous year.
The only blip: the rate rose to a non-seasonally adjusted 2.5% in December 2019 from 2.3% in the previous month.
The 2019 figure “shows that the labour market is in a good state,” SECO said. This was “despite subdued economic growth”, it added.
+ Swiss economy tipped to remain stagnant next year
The previous time such a low rate was measured was at the beginning of the 2000s, said Swiss public television, SRF.external link In 2000 and 2001, it fell to under 2%.
+ How do you go about finding a job in Switzerland?
In 2018 the overall rate stood at 2.5%. But the lower 2018 unemployment figures came with a caveat: a new, automated system for collecting information across Swiss job centres may be responsible for the bigger-than-expected decrease, SECO said at the time.
Questions have also been raised by some economists about who is actually counted as jobless in the official unemployment statistics.
Tags: Featured,newsletter,Work