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93,563 people were registered as unemployed in regional employment centers (RAV) at the end of October, the State Secretariat for Economic Affairs (Seco) announced on Tuesday. This was 2,737 more than in September.
It was said that the unemployment rate remained at 2.0 percent. Economists surveyed by the AWP news agency had expected a rate between 2.0 and 2.1 percent. The unemployment rate, which Seco adjusted for seasonal factors, remained at 2.1 percent.
Job search data also shows that the job market in Switzerland continues to dry up: in October, Seco counted 160,373 job seekers. This was 6,838 more than the previous month, but only 279 more than a year ago.
The number of vacancies reported to RAV decreased by 1,292 to 45,899. According to Seco, 27,496 of those positions were subject to reporting requirements that apply to occupations with an unemployment rate of at least 5 percent.
Short-time work still plays a very small role in the Swiss labor market. In August (data reported with a delay) 1,023 people were working short-time; This number was 673 fewer than the previous month. The number of affected companies decreased by 36 to 48. (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.
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