Saturday, April 1, 2023

Unemployment in Switzerland is at a 20-year low

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The RAV is quiet, the unemployment rate is record low. RAV in Winterthur ZH.

Despite inflation, war and fears of recession, the Swiss labor market is showing its best side: Unemployment is at its lowest level in 20 years! For 2022 as a whole, the State Secretariat for Economic Affairs (Seco) put the unemployment rate at an average of 2.2 percent. That is 0.8 percentage points less than in the previous year.

In absolute figures, 99,577 people were registered as unemployed last year, 38,037 fewer than in the previous year (-27.6%).

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