According to surveys by the State Secretariat for Economic Affairs (SECO), at the end of March 2018 130'413 unemployed people were registered at the regional employment agencies (RAV), 13'517 less than in the previous month. The unemployment rate fell from 3.2% in February 2018 to 2.9% in the month under review. Compared to the same month of the previous year, unemployment fell by 21,867 persons (-14.4%). In addition to economic and seasonal components, the technical adjustments in recording the unemployed also had an impact in March.