Swiss unemployment rate stable at 3.2% in October

Market news

8 November 2016

Swiss unemployment rate stable at 3.2% in October

Registered unemployment in October 2016 - According to surveys conducted by the State Secretariat for Economic Affairs (SECO) were end October 2016 144'531 unemployed registered with the regional employment centers (RAV), 1,856 more than last month.

The unemployment rate remained at 3.2% in June. Compared to the previous month, unemployment increased by 3,262 persons (+ 2.3%). Youth unemployment in October 2016 Youth unemployment (15 to 24 years) decreased by 932 persons (-4.7%) to 19'095. Compared with the previous month, this represents a decrease of 715 persons (-3.6%). Job seekers in October 2016 Total 207'512.

Aso: Will be watching FX market closely for US election volatility, may need to intervene in FX as response

Switzerland: Unemployment Rate (non s.a.), October 3.2% (forecast 3.2%)

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