While the number of employed men increased by 1.6 percent, the number of employed women decreased by 0.2 percent. This emerges from the Swiss Labor Force Survey (SAKE), released Monday by the Federal Statistical Office.
The increase expressed in full-time equivalents (FTE) was 1.2 percent (men: +0.8%; women: +1.7%). Seasonally adjusted, ie compared to the third quarter, both the number of employed people and the number of FTEs increased (+0.2% and +0.4%, respectively).
Unemployment rate was 4.1 percent in the analyzed quarter. According to the definition of the International Labor Organization (ILO), 206,000 people were unemployed in Switzerland. That’s 15,000 less than a year ago.
Thus, the ILO unemployment rate is significantly higher than the unemployment rate defined by Seco, which counts only the registered unemployed. In addition, Seco publishes monthly rather than quarterly values. The final value (January) was 2.2 percent there. (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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