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Unemployment in Switzerland drops to 2.7 percent

The rate of unemployment in Switzerland remains at a very low level. In February, 3.6 percent fewer people were in Switzerland, registered as unemployed than in

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Unemployment in Switzerland drops to 2.7 percent

The rate of unemployment in Switzerland remains at a very low level. In February, 3.6 percent fewer people were in Switzerland, registered as unemployed than in January. Compared to the previous year, there were 17% less. The unemployment rate fell to 2.7 percent from 2.8 percent.

Seasonal effects are removed from the data, the unemployment rate remained at 2.4 percent, as the state announced Secretariat for economic Affairs (Seco) on Thursday. Usually, the unemployment reached namely in January, their highest level - if there is to do, especially in the construction and catering less and decreases from then on until the middle of the year.

as released by Seco are also no Surprise: The Reuters surveyed Economists had expected, with values in this order of magnitude.

youth unemployment

Particularly among the young, there was less unemployment: The number of Regional employment centres (RAV) registered 15 - to 24-Year-olds decreased in comparison with January by 5.1 percent on a 12'779. In the over 50-Year-olds there was a decrease of 2.7 percent to 33'377 people.

According to regions, in particular, reduce the West of Switzerland and the Ticino, the number of unemployment of 4.9 percent. Your unemployment rate is 3.8 percent, but still higher than in the German part of Switzerland with 2.2 percent.

Also according to the nationality of the decrease can be seen especially in the group with the higher unemployment rate: 4.4 percent fewer foreigners were registered as unemployed, at a rate of 5.1 percent. In the case of the Swiss, the decline was 2.9 percent, only 1.8 percent of the workforce unemployed were registered.

more jobs

Who is search on the RAV, has now a considerably larger selection of advertised Jobs: Since the 1. July 2018, there is known the set of mandatory reporting for professional types, with an unemployment rate of at least 8 percent.

In February, the number of the RAV notified Vacancies increased by about 16 percent compared with January to 36'766, of which 23'066 mandatory reporting documents. Since the introduction of mandatory reporting has increased, the number of Vacancies. Compared to February a year ago, the number nearly tripled. (Dec/sda)

Created: 07.03.2019, 08:01 PM

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