Seasonally adjusted joblessness increased by 1,957 or 1.6 percent in February to 125,044. However, this was a small enough rise to leave the unemployment rate unchanged at 2.7 percent in line with the market consensus. Unadjusted, however, the rate was 2.9 percent and still 0.5 percentage points above its level a year ago.

Looking ahead, vacancies increased 5.6 percent on the month to 44,398, an unadjusted increase of 2.4 percent from February 2024 after a 15.9 percent increase in January.

Overall, today's update shows the Swiss labour market continues to hold steady. The February data also put the Swiss RPI at minus 13 and the RPI-P at minus 8. In general, economic activity is slightly short of market expectations.

No change seen at 2.7 percent.

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.