Switzerland: good news for job market

8 years ago - Published in Finance, Fundamental Analysis

According to the State Secretariat for Economic Affairs (SECO) surveys, 152,280 unemployed persons were registered at the Regional Employment Services Centers (RAV) at the end of March 2017, 7,529 less than in the previous month. The unemployment rate thus fell from 3.6% in February 2017 to 3.4% in the reporting month. Compared to the previous month, unemployment fell by 3,044 (-2.0%). Youth unemployment (15 to 24 year olds) in March 2017 decreased by 1,545 persons (-8.1%) to 17,563. Compared to the previous year, this corresponds to a decrease of 1'344 persons (-7.1%).

In Ticino, the unemployed persons stood at 6'106 units, 7.8% lower on the previous month and 1.4% on an annual basis. The rate stands at 3.6%, down of 0.4% and 0.1% in relation to the same period of 2016. People seeking work are 9'754, 5.3% down on the previous month and slight increase of 0.7% compared to last year.