Tuesday, March 28, 2023

That’s why the Swiss job market has dried up so much

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At 20-year low

That’s why the Swiss job market has dried up so much

The situation on the Swiss labor market is better than it has been for two decades. Now companies even have trouble finding unskilled workers.


The unemployment rate in Switzerland is the lowest it has been in 20 years. On average, 99,577 people were unemployed last year.


Ulrich Rotzingereconomic chief

If companies can no longer fill vacancies, even for unqualified people, there will be practically full employment. According to the State Secretariat for Economic Affairs (Seco), the labor supply in Switzerland has not been as tight as it was last year for decades.

The average number of unemployed for 2022 was 99,577 people. This results in an unemployment rate of 2.2 percent. This is the lowest rate in over 20 years.

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