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Unemployment rate drops in March to 2.5 per cent

The unemployment rate in Switzerland declined in March, and moves in a multi-year comparison at a low level. In the coming months it is expected the state Secretariat for economic Affairs (Seco) with a further improvement.

In the Regional employment centres (RAV) were registered at the end of March with 112'341 persons compared to the previous month 7'132 less the unemployed. In percent expected this corresponds to a decline by 6.0 percent, Seco said on Tuesday.

The unemployment rate fell to 2.5 per cent from 2.7 per cent in February. Seasonal effects excluded, the ratio was as of Economists expected in about 2.4 per cent.

Positive Trend

"the situation on The Swiss labour market continues to be very good," said Boris Zürcher, head of the labour Directorate at Seco, in a conference call. The unemployment rate since the beginning of the year in the same rhythm and move to the lowest level since ten years.

The driver of the good performance in March, in particular, have been seasonal effects, added Zurich. The warmer it is, the more workers are sought in industries such as construction or catering. Particularly in the construction industry, unemployment has decreased significantly.

The positive seasonal development have also been shown in certain cantons, said Zürcher. In Zurich, Bern or Vaud, where much is built, a reduction in unemployment is more pronounced than in the Rest of Switzerland. Well, it ran about even in the tourism-dominated cantons of Ticino and Valais.

Fewer young people unemployed

in addition to decreasing the unemployment among the young. At the end of March 11'573 people aged 15 to 24 years were still at RAV enrolled. That's the equivalent of compared with the Figures for the preceding month and a decline of 9.4 percent.

In the over 50-Year-olds, the unemployment rate declined slightly to 2.4 percent. Before a year had still amounted to 2.7 percent. Not quite two-thirds of the older unemployed were men, and almost a quarter considered long-term unemployed, Zurich. In the Latter case, it is people who are already been reported for more than one year in the case of a RAV as unemployed.

Also in the case of the job seekers was recorded in March, a decline. Overall, a total of 7'605 less sought, according to the Seco 189'467 people. This is a decrease of 3.9 percent compared with the previous year, this value declined by as much as 5.8 percent.

The number of the RAV of advertised Jobs rose meanwhile, in the reporting month to 643 37'409. The documents, according to Seco 23'245 reporting obligations. Since 1. July 2018 must notify company Vacancies for professional types, with an unemployment rate of at least 8 percent prior to the RAV. Since then, it has increased the number of Vacancies.

rate could 2%

sink "It is quite conceivable that we come into the summer months, with the unemployment rate close to 2 percent," says Zurich in the coming months. Although it is also the Seco, the economy is expected both worldwide and in Switzerland continue to weaken. According to experience, according to hinke, but the labour market the General economic trends by three to six months.

the Seco presented on Tuesday, the financial statements of the unemployment insurance. The compensation Fund of the unemployment insurance (ALV / AC) achieved last year a profit of 1.17 billion Swiss francs. Thus, the Federal tresorie loans could be paid back. The good prospects on the labour market and the Budget for 2019 in accordance with the Zurich expect that the insurance will be until the end of the year debt-free. (aru/sda)

Created: 09.04.2019, 12:22 PM

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