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The unemployment fee remained at 2.3 p.c in May

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The unemployment fee remained at 2.3 p.c in May

The unemployment fee in Switzerland fell barely in May. The fee remained at 2.3 p.c. However, when it was modified in sure seasons, there was a rise.

Specifically, on the finish of the month, 105,465 individuals had been registered as unemployed within the regional employment facilities (RAV), because the State Secretariat for Economic Affairs (Seco) introduced on Thursday. That was 1,492 fewer than in April.

However, seasonally adjusted, the variety of unemployed individuals elevated by 2,201 individuals. The adjusted unemployment fee rose to 2.4 p.c from 2.3 p.c.

The unemployment fee is mostly topic to seasonal fluctuations as a result of there is kind of work in some industries at sure instances of the yr on account of climate circumstances. For instance, many building websites don’t sleep in the course of the winter, and there may be little tourism in the course of the low season. This is hidden by a hard and fast quantity. So it provides a greater image of how effectively the job market is positioned.

Other key labor market statistics are little modified. In May, Seco counted 176,422 job seekers. That was 1,148 fewer than final month.

The variety of vacancies reported at RAV decreased by 1,426 to 40,105. According to Seco, 19,248 of those positions had been topic to the reporting requirement, which applies to jobs with an unemployment fee of not less than 5 p.c.

There has not been a dramatic enhance in part-time work. On the opposite, in March – the information is reported with a delay – solely 3,545 individuals had been working for a short while, 1,418 lower than the earlier month. (sda/awp)

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