Bloomberg News

Swiss Jobless Rate Stayed at Lowest in 2 1/2 Years in October

November 07, 2011

Nov. 7 (Bloomberg) -- Swiss unemployment remained at the lowest in more than 2 1/2 years in October, suggesting the labor market is still robust even as economic growth is cooling.

The jobless rate held at 3 percent compared with September, when adjusted for seasonal swings, the State Secretariat for Economic Affairs in Bern said in an e-mailed statement today. That’s the lowest since January 2009 and in line with the median forecast of 10 economists in a Bloomberg News survey.

The unadjusted jobless rate rose to 2.9 percent from 2.8 percent in September, according to the statement. The number of job openings fell by 685 to 18,750 in October.

--Editor: Paul Verschuur

To contact the reporter on this story: Klaus Wille in Zurich at kwille@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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