Jobless rate decreases as spring comes

The number of people reported unemployed dropped slightly last month, largely as a result of seasonal factors.

This content was published on April 10, 2012 - 11:55 and agencies

The State Secretariat for Economic Affairs (Seco) said 162,392 people – or 3.2 per cent of the workforce – were out of a job. The figure is down 0.2 per cent on February.

Serge Gaillard, head of Seco, said the latest figures were good news but he added that it was too early to say whether they were the beginning of a new trend.

Experts continue to forecast an average unemployment rate of 3.4 per cent for 2012 due to the strong Swiss franc and the weak economic situation in Europe.

The number of unemployed young people, aged between 15 and 24, dropped by nearly nine per cent compared with the previous month.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.