The jobless rate has increased in Switzerland for the first time since January, with the November figure rising to 3.6 per cent compared with 3.5 per cent in October.
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At the end of November, 141,668 people were registered in cantonal placement offices, which is 2,303 more than the previous month.
“The minor upstick is nothing to worry about since it is down to seasonal factors,” said analyst Nikola Stephan, from Informa Global Markets.
While unemployment increased slightly for the 25-49 age group, it decreased by the same amount for those aged between 15 and 24.
The unemployment rate for people over 50 remained stable.
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Swiss approve reform of jobless benefit scheme
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In Sunday’s ballot, 53.4 per cent of voters said yes to government plans to shore up the debt-ridden social security scheme. Trade unions and centre-left political parties had called a referendum to challenge the reform. Despite the convincing result, turnout was low, at 35 per cent of the electorate. The average is 45 per cent.…
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Sunday’s ballot followed opposition to the government’s plans by trade unions and centre-left political parties. Turnout was expected to be below average. The reform hopes to raise additional revenue of SFr646 million ($659 million) for the insurance scheme through an increase in salary deductions. The unions and the left oppose planned restrictions on eligibility to…
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