Swiss Unemployment Rate Remains Unchanged in April

The seasonally adjusted unemployment rate in Switzerland was reported at 2.8% in April, mirroring March's figures and aligning with preliminary estimates, as disclosed by the State Secretariat for Economic Affairs (SECO) on Tuesday.

Unemployment Figures Show Mixed Trends

With 130,223 individuals registered as unemployed, there was a slight increase of 1,849 people (1.4%) from March. However, compared to April 2024, unemployment surged by 23,144 individuals (21.6%). On a brighter note, the youth unemployment rate experienced a minor decline of 0.1 percentage points from the previous month, settling at 2.5%, which translates to 11,118 young individuals.

Job Availability Declines

The report also highlighted a reduction in job openings, with 40,887 positions available in April, marking a decrease of 1,643 from March.