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At the end of April, 90,534 people were registered as unemployed at regional employment centers (RAV); that was 2,221 percent, or 2.4 percent less than the previous month. In fact, unemployment decreased by 13,857 people compared to the same month of the previous year (-13.3 percent).
The unemployment rate remained at 2.0 percent, as the State Secretariat of Economic Affairs (Seco) announced on Friday. Economists surveyed by the AWP news agency had expected between 1.9 and 2.0 percent.
Therefore, the rate is still at a very low level. A lower annual rate for April was last measured at 1.6 percent in 2001. A long-term comparison also shows how low unemployment is at the moment. In April, less than 100,000 people were registered as unemployed for the first time in two decades.
The unemployment rate is often subject to seasonal fluctuations, as there are fewer jobs in the winter months, for example in the construction, agriculture and gastronomy sectors. Adjusted for seasonal factors by Seco, the number of unemployed increased minimally in April 2023. However, the corresponding unemployment rate remained at a very low level of 1.9 percent.
Job search data also shows how dry up the job market in Switzerland is: In April 2023, there were 156,036 registered job seekers, with 5,828 fewer than in March, according to Seco. In an annual comparison, 27,184 fewer people were looking for work. That’s an almost 15 percent drop.
However, at the same time, less work is saved on the RAV. There were 52,223 jobs still reported open in April. That’s 4519 less than in March. Of these open positions, 32,663 were subject to the job registration requirement. This applies to occupations with an unemployment rate of at least 5 percent.
The short-time working tool no longer plays any role in the Swiss labor market. In February – data are reported with a lag – only 1,814 people are still working short-term. The number of companies affected by the short-time working decreased by 18 compared to the previous month and became 119.(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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