Swiss unemployment rate jumps in second quarter of 2024

The number of jobless reached 203,000 in the second quarter of this year, up by 15,000 year-on-year. This represents 4% of the working population, a rise of 0.3 percentage points. Adjusted for seasonal variations, the proportion of unemployed rose by 0.1 percentage points in the second quarter, to 4.2%, the Federal Statistical Office (FSO) said on Tuesday. Unemployment among people aged 15 to 24 fell by 0.5 percentage points to 5.9%. Among the rate rose by 0.1 percentage points to 3.7%. + At the start of the year, the Swiss jobless rate hit a 20-year low The FSO registered some 75,000 long-term unemployed, or 1,000 more than in the second quarter of 2023. However, the proportion of long-term jobless has fallen, from 39.3% to 37.2% of the total. Part-time work is gaining ground, with some 1.9 million people in the second quarter, an increase of 57,000 year-on-year. Of this total, 269,000 were classified as underemployed because they wanted to work more. The underemployment rate ...