Swiss job market feels economic slowdown
Published: Thursday, Jan 18th 2024, 06:20
Updated At: Thursday, Apr 18th 2024, 06:10
Back to Live Feed
The Swiss job market appears to be deteriorating further. According to the personnel service provider Adecco, it continued to shrink in the first quarter of 2024, following a decline at the end of 2023. Compared to the time before the coronavirus pandemic, however, the situation is still good.
The "Adecco Group Swiss Job Market Index" fell by 3% in the first quarter of 2024 compared to the previous quarter, according to a press release issued on Thursday. It was also 4 percent lower than in the same quarter of the previous year. The index is compiled in collaboration with the Job Market Monitor Switzerland of the University of Zurich.
This means that the index will reach a comparable level in the first quarter of 2024 as in the first quarter of 2022, as Adecco writes in the press release. Following a significant slowdown in job growth in 2023, the job market recorded a further decline at the start of 2024. Despite this development, the current situation on the job market is still "extremely positive" compared to the years before the pandemic.
However, the current development of the job index indicates that the job search has become more challenging. "Those who specifically acquire the skills that employers are looking for increase their chances of success," says Yanik Kipfer from Adecco's Job Market Monitor Switzerland.
It has been shown that leadership skills are particularly in demand across different occupational groups. It also showed that IT skills are not only important in IT professions, but also in technical professions.
©Keystone/SDA
English 
German 
French 
Spanish 
Arabic