Tag Archives: Swiss unemployment

© Gunnar3000 | Dreamstime.com There are various ways to measure unemployment. Switzerland’s standard measure looks at the number of people registered with unemployment offices across the country. By this measure Switzerland’s unemployment recently reached a 10 year low of 2.6%. Today, another unemployment measure was published. It shows a 0.1% increase in unemployment over the fourth quarter of 2018 to 4.6% or 227,000...

There are various ways to measure unemployment. Switzerland’s standard measure looks at the number of people registered with unemployment offices across the country. By this measure Switzerland’s unemployment recently reached a 10 year low of 2.6%. © Gunnar3000 | Dreamstime.com Today, another unemployment measure was published. It shows a 0.1% increase in unemployment over the fourth quarter of 2018 to 4.6% or 227,000 people. This measure, defined by the International Labour Organisation...

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 Switzerland’s unemployment hasn’t been this low since 2008. In March 2018, SECO changed the way it calculates unemployment and estimates this change reduced the rate of registered unemployment by 0.1%. The lowest rates...

In January 2015, when the Swiss National Bank stopped its attempt to keep the Swiss franc to Euro exchange rate at 1.20, the Swiss currency quickly rose beyond parity. © Valeriya Potapova | Dreamstime.com To soften the economic shock, Switzerland’s government allowed working hours to be extended with no extra pay and working hours and pay to be cut. Employees were offered partial unemployment benefits to compensate for pay cuts. The logic behind the scheme was that extra unpaid hours or...

Swiss unemployment is at its lowest for 3.5 years, according to the Swiss State Secretariat for Economic Affairs (SECO). © Gpointstudio | Dreamstime.com 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 low even when compared to March 2016 (3.5%) and March 2017 (3.4%). As usual French-speaking...