Employment rises in the third quarter – subdued outlook
Published: Friday, Nov 24th 2023, 08:50
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Employment in Switzerland remains solid. More jobs were created again in the third quarter of 2023. However, the outlook is somewhat less optimistic.
The number of jobs rose by 1.9% to a total of 5.465 million in the quarter under review compared to the same period last year. This is the tenth increase in a row, as reported by the Federal Statistical Office (FSO) on Friday.
Employment in the secondary sector (industry and construction) rose by 1.3% (1.137 million jobs) and in the tertiary sector (services) by 2.1% (4.328 million). Converted into full-time positions, the employment volume reached 4.253 million jobs (+1.7%). This is 69,600 more than a year ago.
Seasonally adjusted and compared to the previous quarter, however, the number of employees in companies only rose by just under 0.1%. Companies are also less optimistic about the future. The indicator for employment prospects fell by 1.6% compared to the previous quarter.
©Keystone/SDA
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