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Tag Archives: Editor’s Choice

Swiss Unemployment Falls in June 2020

The number unemployed in Switzerland at 30 June 2020, fell 5,709 in June to 159,289, according to the State Secretariat for the Economy (SECO). © Wutthichai Luemuang | Dreamstime.com Switzerland’s unemployment rate fell from 3.4% to 3.2%. However, despite improving on May 2020, the number unemployed was 53,067 (+54.6%) higher than at the end of June 2019. Switzerland’s official unemployment figures however include only those registered as unemployed, a lower...

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Swiss unemployment falls in June 2020

The number unemployed in Switzerland at 30 June 2020, fell 5,709 in June to 159,289, according to the State Secretariat for the Economy (SECO). © Wutthichai Luemuang | Dreamstime.comSwitzerland’s unemployment rate fell from 3.4% to 3.2%. However, despite improving on May 2020, the number unemployed was 53,067 (+54.6%) higher than at the end of June 2019. Switzerland’s official unemployment figures however include only those registered as unemployed, a lower percentage that excludes...

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Immigration slowdown hits Swiss rents

In 1999, Switzerland signed a deal with the EU allowing free movement of people between Switzerland and the bloc. The deal came into force in 2002. This led to a rise in immigration into Switzerland, which in turn eventually led to rising rents. © Andreaciox | Dreamstime.comHowever, since 2014 there has been a marked slowdown in EU immigration into Switzerland. In addition, a lot of rental homes have been built. The overall supply of rental properties now exceeds demand. A report...

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Swiss government forecasts 2021 deficit but no tax hikes

The coronavirus is set to knock a CHF 1 billion hole in Switzerland’s federal budget for 2021, according to a press release. © | Dreamstime.comWithout the virus the budget was CHF 2.2 billion in the black. Post virus the budget is now CHF 1 billion in the red. The virus is expected to add CHF 2.0 billion to next years spending. The extra money is earmarked for SARS-CoV-2 tests, business loan guarantees and support to the sports sector. The Federal Council is confident that the extra...

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Swiss salaries rise faster than inflation for the first time in 2 years

In 2019, Swiss salaries were on average of 0.9% higher than the year before. A nominal rise of +0.9% combined with low inflation of 0.4% delivered a real boost of 0.5% to someone earning an average salary in Switzerland. © Vsg Art Stock Photography And Paintings | Dreamstime.comThis is the first time in two years that the average Swiss salary has grown faster than inflation. In 2017 and 2018 the real average salary fell -0.1% and -0.4% in real terms. Overall, in nominal terms, average...

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Swiss retail sales up 30% in May after COVID-19 measures eased

Recently published figures show a overall jump of 30.2% in retail sales in May 2020 compared to April 2020. © Nora Tarvus | Dreamstime.comMay’s rise of 30.2% follows falls of 6.5% in March and 13.7% in April. However not all retail sectors experienced the same rise in May sales. Food, drink and tobacco sales rose 3.4% and fuel sales were up 6.3% month on month. Clothing and shoe sales were up a whopping 433.5% compared to April. Clothing and shoe sales fell 55.4% and 61.0% in March...

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Coronavirus: Swiss government makes masks compulsory on public transport

© Andres Jacobi | Dreamstime.com On 1 July 2020, Switzerland’s federal government announced that it would become compulsory to wear masks on public transport from 6 July 2020. Due to the the growing number of people using public transport and a rise in the number of people testing positive for SARS-CoV-2 since mid-June, the Federal Council has decided to make it compulsory for those taking public transport to wear a mask. 137 new SARS-CoV-2 infections were reported...

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Could Swiss ski resorts face Covid-19 lawsuits?

© Kvaka9 | Dreamstime.com As the events and decisions surrounding the spread of the SARS-CoV-2 virus become clearer, fingers are being pointed. A mass lawsuit targeting events in the Austrian resort of Ischgl is looming, according to Bloomberg. Could similar legal action spread to Swiss resorts? At the end of last year, the Wuhan Municipal Health Commission issued a public notice confirming 27 cases of a new virus and recommended wearing face masks. Around three...

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Switzerland’s latest easing of Covid measures allows large political protests, provided masks worn

© Michael Müller | Dreamstime.com On 19 June 2020, Switzerland’s extraordinary state in relation to the SARS-CoV-2 pandemic ended. This was accompanied by further easing of restrictions aimed at reducing the spread of the virus. Hand washing, maintaining social distance and mask wearing are the three golden rules that remain, according to Swiss president Simonetta Sommaruga. The minimum distance to be maintained between people in public spaces was reduced to 1.5...

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SwissCovid app now available for download

On 25 June 2020, Switzerland’s contact tracing app, known as SwissCovid, became available for download.Created by a group of specialists at EPFL led by Marcel Salathé, a professor of digital epidemiology, the app allows chains of infection to be traced by informing people if they have been in contact with anyone infected. Countries, like South Korea, that have done a good job of this have been able to quickly isolate infected people and halt the spread of the virus....

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