Switzerland experiences highest unemployment rate in a decade

Share This Post

(The Swiss Info)

The unemployment rate in Switzerland rose again in January, reaching 3.7% – the highest level since April 2010. 

The impact of the coronavirus crisis continues to be felt on the Swiss economy. At the end of January, 169,753 people were registered as unemployed with the Regional Employment Offices, which is 6,208 more than the previous month. Compared to January 2020, unemployment has risen by 40.3%, some 48,735 more people out of work, according to the State Secretariat for Economic Affairs (Seco), which published its figures on Monday. It should be noted that unemployment statistics from the International Labour Organization (ILO) differ from Seco as the former also takes into account the nation’s long-term unemployed people who are no longer registered with the Regional Employment Offices.

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Do You Want To Boost Your Business?

drop us a line and keep in touch

Scroll to Top