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Tag Archives: SECO

Switzerland: Still a bright beacon of freedom

Switzerland’s long-standing and well-deserved reputation as one of the last bastions of individual and financial liberty has been recently vindicated and reaffirmed. It was a much-needed boost of confidence for Swiss citizens like myself who had come to worry over the last years whether the governmental trespasses of our neighboring nations and the way they rule their people might one day come to influence or even corrupt our own system of governance and our way of life. This...

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Swiss Unemployment Continues to Fall

The number of registered unemployed in Switzerland dropped by 9% in May 2018 to a rate of 2.4%, down from 2.7% in April, according to a report by the State Secretariat for Economic Affairs (SECO). The rate in May 2018 was 22% lower than in May 2017. ©-Sculpies-_-Dreamstime.com_ - Click to enlarge Switzerland’s unemployment hasn’t been this low since 2008. In March 2018, SECO changed the way it calculates unemployment...

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Swiss unemployment at lowest in 3.5 years

Swiss unemployment is at its lowest for 3.5 years, according to the Swiss State Secretariat for Economic Affairs (SECO). © Gpointstudio | Dreamstime.com - Click to enlarge The last time Swiss unemployment reached March 2018’s level was in October 2014. After reaching a peak of 3.7% in January 2017, the rate had fallen to 2.9% by March 2018. Unemployment has some seasonality however the rate for last March (2.9%) is...

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Swiss authorities say Uber drivers should be treated as ‘employees’

A 2016 taxi driver protest against Uber, in Bern. (Keystone) - Click to enlarge For the first time, the Swiss State Secretariat for Economic Affairs (SECO) has clearly indicated that Uber taxi drivers should be classed as employees rather than self-employed. In an internal statement seen by the 10vor10 programme on Swiss public television, SECO gave the legal opinion that according to the conditions that...

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US trade disputes indirectly threaten Swiss economy

US metal industry trade disputes could disrupt the Swiss economy indirectly (Keystone) - Click to enlarge Ongoing global trade disputes involving the United States are casting a potential shadow over Swiss economic growth, along with other international events, such as the Italian elections and Brexit. However, the Swiss economy is forecast to expand 2.4% this year and 2% in 2019. The Swiss State Secretariat...

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Swiss News Agency calls for help in job cuts conflict

Demonstrators turned out in support of the Swiss News Agency strike earlier this month, saying cuts mean "information is threatened" (Keystone) - Click to enlarge After three weeks of talks, management and staff at the Swiss News Agency (SDA-ATS) have not managed to reach an agreement on job cuts, and are now calling for the State Secretariat for Economic Affairs (SECO) to mediate. Both sides agreed to the call....

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Swiss want only five bilateral treaties under EU framework agreement

Switzerland recently suffered a setback in the negotiations when the EU decided to restrict Swiss stock exchange access to the EU market for a year (Keystone) - Click to enlarge According to an unpublished list that was revealed in some Swiss papers, Switzerland wants only five of around 120 bilateral treaties with the European Union to figure in a future institutional framework agreement. A reportexternal...

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Consumer Sentiment Still Lukewarm

Bern, 03.11.2016 – The latest survey shows that there was hardly any change in consumer sentiment in Switzerland between July and October 2016*. The index currently stands at -13 points and has consistently come in at a value below its long-term average for over a year now. However, consumers believe that the outlook for the economy over the coming months is considerably better than in July. The assessment of price...

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