CH: Unemployment

Tue Aug 08 00:45:00 CDT 2017

Consensus Actual Previous
SECO (NSA) 3.0% 3.0% 3.0%
SNB (SA) 3.2% 3.2% 3.2%

The number of people out of work rose 323 or 0.2 percent to 133,926 in July to leave the unemployment rate unchanged at 3.0 percent. However, seasonally adjusted, joblessness was down 299 or 0.2 percent at 144,312, although this too was small enough to keep the adjusted rate steady at June's 3.2 percent. The data were in line with expectations.

There was also some better news on vacancies which, having fallen at the end of the second quarter, rose an adjusted 0.3 percent on the month to stand an unadjusted 14.6 percent higher on the year.

Overall, the Swiss labour market continues to move ahead but progress remains very slow.

The unemployment rate measures the number of unemployed as a percentage of the labour force. Both seasonally adjusted and unadjusted monthly data are provided.

Like the employment data, unemployment data help to gauge the current state as well as the future direction of the economy. Employment data are categorized by sectors. This sector data can go a long way in helping investors determine in which economic sectors they intend to invest.

By tracking the jobs data, investors can sense the degree of tightness in the job market. If employment is tight it is a good bet that interest rates will rise and bond and stock prices will fall. In contrast, when job growth is slow or negative, then interest rates are likely to decline - boosting up bond and stock prices in the process.