Employment situation remains solid in the third quarter
Published: Monday, Nov 25th 2024, 10:00
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The employment situation in Switzerland is solid. Employment rose in both industry and the service sector in the third quarter. However, the indicator for the future outlook has deteriorated somewhat.
A total of 5.528 million people were employed across Switzerland in the quarter under review. This is 1.2% or 65,800 jobs more than in the same period last year, as reported by the Federal Statistical Office (FSO) on Monday. The proportion of women was 46.6 percent.
In the secondary sector (industry and construction), the number of employees rose only slightly by 0.7% to 1.139 million, according to the figures. In the tertiary sector (services), the number of employees increased somewhat more significantly by 1.3% to 4.389 million.
Seasonally adjusted and compared to the previous quarter, the number of employees in companies increased by 10,700 jobs (+0.2%). As a result, the number of jobs in the second sector increased slightly by 900 (+0.1%) and by 13,300 (+0.3%) in the third sector.
Outlook has clouded over
In the quarter under review, companies reported a total of 98,800 job vacancies, according to the report. Compared to a year ago, this is 14,000 fewer jobs (-12%). There were fewer vacancies in both the second sector (-13%) and the third sector (-12%).
The outlook has clouded over somewhat. The proportion of companies planning to increase their workforce in the short term was still 10.9% of the total workforce in the third quarter, compared to 12.4% in the same quarter of the previous year, according to the press release. Five percent intend to reduce their workforce (4.5% in the same quarter of the previous year).
The gloomier outlook is also reflected in the employment outlook indicator. This has fallen by 1% compared to the previous year. However, at 1.03 points, it remains in positive territory.
©Keystone/SDA
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