Swiss unemployment rate at 3.1 percent in October
Published
In October, the seasonally adjusted unemployment rate in Switzerland stood at 3.1 percent. This information was published by the financial platform TradingView.
The unemployment rate shows how many people are without work in relation to all members of the labour force. The term "seasonally adjusted" means that typical fluctuations over the course of the year have been calculated out. For example, some industries offer more or fewer jobs in winter or in summer. Through this adjustment, figures from different months can be compared more easily with one another.
The official labour market data for Switzerland is usually published by the State Secretariat for Economic Affairs (SECO). However, this report contains only the headline and the percentage figure. There is no information on the change compared with the previous month or on individual regions and industries.
Further details on the development of the Swiss labour market are not included in the source. Anyone who wishes to follow the current situation more closely can consult the publications of SECO on its official website.
Sources: TradingView
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