Swiss unemployment is at its lowest for 3.5 years, according to the Swiss State Secretariat for Economic Affairs (SECO). The last time Swiss unemployment reached March 2018’s level was in October 2014. Unemployment has some seasonality however the rate for last March (2.9%) is low even when compared to March 2016 (3.5%) and March 2017 (3.4%). It defines unemployed as those officially registered as unemployed who still qualify for unemployment benefits. Swiss unemployment using the ILO’s unemployment definition was 4.8% in 2017, while SECO’s rate was 3.2%, a 1.6% difference.

Source: Le News April 18, 2018 20:57 UTC