Switzerland’s unemployment rate fell again in June, falling to 2% in a tight labor market from 2.1% in the previous month, the Swiss economy ministry said on Thursday.
At the end of June, 92,511 people were registered as unemployed in regional employment offices, or 5,493 less than in May, according to the press release of the State Secretariat for Economy (Seco). 2%, the unemployment rate thus returned to its lowest level since November 2001. The number of registered under-25s fell to 7,758, or 4.1% less than the previous month, while over-50s fell by 5.5%. registered with 29278. At the same time, the number of job vacancies increased, with regional placement offices registering 71,742 job vacancies, i.e. 694 more than last month.
On an annual basis, unemployment in Switzerland decreased by 29.8% compared to June last year, 39,310 fewer people were registered. Unemployment in Switzerland has returned to low levels to the point that some sectors are struggling to recruit, particularly in IT professions and in the hotel and catering industry, especially chef positions. In mid-June, the Swiss economy ministry cut its growth forecast for 2022 and revised its inflation forecast upwards, but remained positive on employment. For 2022, he still expects the unemployment rate to fall to an average of 2.1% over the year, down from 3% in 2021.
Source: Le Figaro
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