Market Commentary and Intraday News
Swiss Jobless Rate Unchanged In August
285 days ago
(RTTNews) - The Swiss unemployment rate remained unchanged in August, data released by the State Secretariat for Economic Affairs (SECO) showed Friday.
The seasonally adjusted unemployment rate held steady at 2.9 percent as expected by economists. On an unadjusted basis, the rate rose to 2.8 percent in August from 2.7 percent in July. This was also in line with the forecasts.
The number of unemployed rose by 3,529 or 3 percent month-on-month to 119,823 at the end of August. At the same time, the number of registered job seekers increased 1.8 percent to 170,276.
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