The unemployment rate fell slightly in April in Switzerland – rts.ch

The unemployment rate fell slightly in April in Switzerland – rts.ch
The unemployment rate fell slightly in April in Switzerland – rts.ch

The unemployment rate fell in Switzerland in April to 2.3%, after 2.4% in March. In total, 106,957 people were registered as unemployed with the regional employment offices (ORP), or 1,636 fewer than the previous month, according to the State Secretariat for the Economy (Seco).

Unemployment increased by 16,423 people (+18.1%) over one year, according to the press release published Tuesday. All registered job seekers numbered 177,570 people, i.e. 822 fewer than the previous month and 21,534 (+13.8%) more than in the same month of 2023. In seasonally adjusted terms, the unemployment rate stabilized at 2.3%.

Youth unemployment fell by 4.4% over one month, but increased by almost 18% over one year. The number of unemployed people aged 50-64 respectively fell by 1.1% and increased by almost 12%.

Partial unemployment decreasing

Seco also provides partial unemployment figures, the latest data of which dates back to February. Reductions in working hours affected 3,286 people, or 39% fewer than in January. Only 167 companies used it (-27%), when the number of working hours lost decreased by 40% to 155,042 hours.

A year earlier, partial unemployment had affected 234 companies, affecting nearly 3,900 people and leading to the loss of 216,609 hours of work.

According to provisional data provided by unemployment funds, 1,951 people exhausted their rights to unemployment insurance benefits during the month of February.

For the whole year, Seco expects an unemployment rate of 2.3%.

ats/friend

#Swiss

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