Unemployment Rate Remains Unchanged

According to the latest report from the State Secretariat for Economic Affairs (SECO), Switzerland's seasonally adjusted unemployment rate remained steady at 2.8% in April, mirroring March's figures and aligning with market expectations.

Rise in Unemployed Individuals

The report detailed a slight increase in the number of unemployed individuals, totaling 130,223 in April. This marks a 1.4% rise from March, with an additional 1,849 people without jobs. Compared to April 2024, there was a significant 21.6% jump, equating to 23,144 more unemployed individuals.

Youth Unemployment Sees a Dip

On a brighter note, the youth unemployment rate experienced a minor decrease, dropping by 0.1 percentage points to 2.5%. This translates to 11,118 young individuals seeking employment, showing a slight improvement from the previous month.

Job Availability Declines

The number of job openings in Switzerland also saw a reduction, with 40,887 positions available in April. This represents a decrease of 1,643 jobs compared to March, indicating a tighter job market.