Unemployment Rate Remains Unchanged

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) this Tuesday.

Rise in Unemployed Individuals

A total of 130,223 individuals were unemployed in April, marking an increase of 1,849 people, or 1.4%, from the previous month. This represents a significant year-over-year surge of 23,144 people, or 21.6%, compared to April 2024.

Youth Unemployment Sees a Dip

Contrasting the overall trend, the youth unemployment rate experienced a slight decrease of 0.1 percentage points from March, settling at 2.5%, which translates to 11,118 young individuals without employment.

Job Availability Declines

The number of job openings in Switzerland also saw a reduction, with 40,887 positions available in April, down by 1,643 from March, indicating a tightening job market.