Swiss labour market stabilizes
Published: Thursday, Oct 24th 2024, 07:10
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The Swiss job market is stabilizing. According to the personnel service provider Adecco, the number of vacancies in the third quarter fell significantly compared to the previous year, but increased slightly compared to the previous quarter.
This is shown by the "Swiss Job Market Index" published on Thursday. According to the analysis, the number of job vacancies fell by 12% in the third quarter compared to the previous quarter. Compared to the second quarter, however, there was a slight increase of 2 percent.
This puts an end to the negative trend of the last three quarters for the time being, according to the communiqué. The fact that the employment prospects of Swiss companies rose again in the summer for the first time in two years fits in with this.
Building with a special role
According to the study, the construction industry plays a special role on the labor market. Here too, the number of vacancies fell by 7% compared to the previous year. However, it remains at a historically high level. Since 2016, the number of vacancies in the construction industry has increased by 70%.
And despite the current decline, the authors of the study expect that factors such as population growth, limited living space and demographic change will continue to increase the demand for skilled construction workers.
Adecco collects the job index together with the University of Zurich. It is based on representative quarterly surveys of job vacancies in the press, on online job portals and on company websites.
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