The rate of unemployment in Switzerland in the 4th quarter of 2020 was 4.9%, up from 3.9% in the 4th quarter of 2019. The same figures for the EU were 6.6% (Q4 2109) and 7.5% (Q4 2020). © Sergiomonti | Dreamstime.comUnemployment rates were highest among those aged 15-24 (7.3%) and 25-39 (5.4%). Those aged 40-54 (4.6%) and 55-64 (3.9%) had the lowest rates. The statistics don’t cover workers older than 64. In the 4th quarter of 2020, Swiss nationals (3.9%) fared better than foreigners...
Read More »Unemployment up in second quarter of 2020 in Switzerland
Switzerland’s unemployment rate rose from 4.2% to 4.6% in the second quarter of 2020, according to a recent survey that measures unemployment more broadly than Switzerland’s official unemployment measure. © Suriel Ramirez Zaldivar | Dreamstime.comThe method used for these calculations is the one defined by the International Labour Organisation (ILO), which includes all available job seekers – ILO definition of unemployment. The standard official Swiss measure includes only those...
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