Swiss Jobless Rate Drops In February 2016
Switzerland's unemployment rate decreased marginally in February, in line with expectations, the State Secretariat for Economic Affairs (SECO) said Tuesday.
The unadjusted jobless rate dropped to 3.7 percent in February from a near six-year high of 3.8 percent in the previous month. The figure also matched consensus estimate.
On a seasonally adjusted basis, the unemployment rate held steady at 3.4 percent in February.
The number of overall unemployed decreased to 161,417 in February from 163,644 in January. A year ago, the jobless figure totaled 149,921.
The material has been provided by InstaForex Company - www.instaforex.com
Switzerland's unemployment rate decreased marginally in February, in line with expectations, the State Secretariat for Economic Affairs (SECO) said Tuesday.
The unadjusted jobless rate dropped to 3.7 percent in February from a near six-year high of 3.8 percent in the previous month. The figure also matched consensus estimate.
On a seasonally adjusted basis, the unemployment rate held steady at 3.4 percent in February.
The number of overall unemployed decreased to 161,417 in February from 163,644 in January. A year ago, the jobless figure totaled 149,921.
The youth unemployment rate, which applies to the 15 to 24 age group, dropped to 3.6 percent in February from 3.8 percent a month ago.
The material has been provided by InstaForex Company - www.instaforex.com
