Employment increases at the start of the year
Published: Friday, May 24th 2024, 08:50
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Employment in Switzerland continued to develop positively in the new year. More jobs were created again in the first quarter of 2024. Although the outlook for the employment indicator fell slightly, it remains positive.
The number of jobs rose by 1.8 percent compared to the previous year. In total, the Federal Statistical Office (FSO) counted 5.484 million people in employment in Switzerland in the first quarter, according to a statement on Friday. However, the number of job vacancies fell by 9.7 percent to 114,300.
Both the secondary and tertiary sectors contributed to job growth. The employment trend was upwards in almost all major regions. Growth was particularly strong in Central Switzerland (+3.6%). Only in Ticino (-0.2%) did employment fall slightly.
Employment in the tertiary sector (services) rose by 2.0%. A total of 4.352 million people work in the service sector. More jobs were also created in the secondary sector (industry and construction). The number of people employed there grew by 0.7% to 1.131 million.
Seasonally adjusted, total employment increased by 0.6% compared to the previous quarter to 5.506 million. Converted into full-time positions, total employment in Switzerland would amount to 4.267 million 100 percent jobs. This is an increase of 1.4 percent compared to the previous year.
According to the FSO, the outlook is still "positive", even though the indicator for employment prospects fell by 1.6% to 1.05 compared to the previous year.
The difficulties in recruiting skilled workers have decreased somewhat, the report continued. By historical standards, however, skilled workers are still difficult to find.
©Keystone/SDA
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