Categories: Market

BFS reports: Employment continues to rise at the start of the year

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Men work on a construction site for the construction of the underground section of the highway in Rarogne. More jobs were created in Switzerland in the first quarter of 2023. (icon image)

The number of employment increased by 2.2 percent compared to the previous year, increasing for the eighth consecutive year. Overall, the Federal Statistical Office (BFS) counted 5,389 million employees in Switzerland in the first quarter, according to a statement released on Friday. In addition, the number of open quotas increased by 5.9 percent compared to the previous year and became 126 thousand 600.

Both the secondary and tertiary sectors contributed to the growth of jobs, and employment growth also showed an upward trend in all major regions. The growth in the canton of Zurich (+3.2%) was particularly pronounced. Employment in the tertiary sector (services) increased by 2.2 percent. A total of 4.266 million people work in the service sector.

More jobs were also created in the secondary sector (industry and construction). The number of employees there increased by 2.1 percent to 1.123 million.

Seasonally adjusted total employment increased by 0.6 percent compared to the previous quarter and became 5 million 411 thousand. Converted to full-time jobs, total employment in Switzerland would be 4.206 million full-time jobs. This represents an increase of 2.4 percent compared to the previous year.

Expectations are still “good”, although the employment prospects indicator fell 1.0 percent year-on-year to 1.07, according to the BFS.

Difficulties in finding skilled workers have increased again. The situation in the hospitality industry has eased somewhat, while companies in mechanical engineering have been particularly affected.

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(SDA)

Source :Blick

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