• Switzerland January unemployment rate rose to 2.8% from 2.7% in December

Market news

8 February 2019

Switzerland January unemployment rate rose to 2.8% from 2.7% in December

According to surveys by the State Secretariat for Economic Affairs (SECO), at the end of January 2019, 123,962 unemployed were registered at the Regional Employment Centers (RAV), 4,301 more than in the previous month.

The unemployment rate rose from 2.7% in December 2018 to 2.8% in the month under review. Compared with the same month of the previous year, unemployment fell by 25,199 persons (-16.9%).

Youth unemployment in January 2019

Youth unemployment (aged 15-24) increased by 291 (+ 2.2%) to 13,463.  Compared to the same month of the previous year, this represents a decrease of 3'082 persons (-18.6%).

Unemployed 50 and more in January 2019

The number of unemployed 50 and more increased by 1'135 persons (+ 3.4%) to 34'303. Compared to the same month of the previous year, this represents a decrease of 5,674 persons (-14.2%).

Job seekers in January 2019

A total of 200'125 jobseekers were registered, 2'175 more than in the previous month. Compared to the same period of the previous year, this number fell by 13,000 persons (-6.1%).

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