Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Swiss jobless rate rises to 3.4 percent

Share this article

16:28 CET+01:00

Switzerland's unemployment rate rose to 3.4 percent in January from 3.3 percent in December, official figures released on Wednesday showed.

At the end of last month there were 134,317 people registered as jobless, an increase of 3,655, the State Secretariat for Economic Affairs (Seco) said.

Unemployment among 15 to 24-year-olds rose by 3 percent or 559 people to 19,417.

Switzerland boasts one of Europe's lowest unemployment rates. In the eurozone the figure hit 10.4 percent at the end of last year, the highest level since 1998.

Swiss companies have however been cutting thousands of posts in recent months due to the poor shape of global finances.

In its forecast Seco said unemployment will likely hit 3.6 percent this year and 3.7 percent in 2013.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

Why Europe's top talent still flocks to London

London has always had a certain allure that pulls in entrepreneurs from near and far. As one of the world's most connected cities, a top financial centre and a multicultural melting pot, countless professionals from Europe and beyond are drawn to London like moths to a flame.