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The employment indicator calculated by ETH economic research center KOF fell for the third consecutive quarter in the fourth quarter but remains clearly in positive territory, KOF announced on Monday. For the fourth quarter of 2023, this rate still stands at 7.7 points, after a slightly downwardly revised 9.2 points in the previous quarter.
KOF economists emphasize that this is still significantly above the long-term “near-zero” average and is also higher than before the corona outbreak. It has fallen by more than half since its peak in the second quarter of 2022.
The KOF employment indicator is calculated from KOF’s quarterly economic surveys. According to the statement, the evaluations for the fourth quarter are based on the responses regarding employment plans and expectations of approximately 4,500 companies that participated in the survey in October.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
