Number of people in employment rises by 2.2 percent in the fourth quarter
Published: Thursday, Feb 22nd 2024, 09:10
العودة إلى البث المباشر
The Swiss labor market remains extremely robust. The number of people in employment increased by 2.2% to 5.36 million in the fourth quarter of 2023 compared to the same quarter of the previous year.
Both the number of men and women in employment increased by 2.2%. These are the findings of the Swiss Labor Force Survey (SLFS) published by the Federal Statistical Office on Thursday.
Expressed in full-time equivalents, the increase amounted to 2.1%. The increase for men was 1.9%, while the increase for women was 2.3%. Seasonally adjusted, i.e. compared to the third quarter of 2023, the number of people in employment rose by 0.5%, or by 0.3% in full-time equivalents.
Compared to the previous year, the number of Swiss people in employment increased by 0.8%, which was significantly less than the number of foreign people (+5.1%). Among foreign nationals, the increase was clearly higher among short-term residents and those with a residence permit than among cross-border commuters and persons with a permanent residence permit.
The unemployment rate fell to 3.9% in the fourth quarter, compared to 4.1% in the same period of the previous year. According to the International Labor Organization (ILO) definition, this means that 201,000 people were unemployed in Switzerland, or 5,000 fewer than a year earlier.
Seasonally adjusted, the unemployment rate remained unchanged compared to the third quarter of 2023 at 4.1%.
The ILO unemployment rate is significantly higher than the unemployment rate as defined by Seco, which only counts people registered as unemployed.
©كيستون/إسدا
Arabic 
English 
German 
French 
Spanish