0.1% decline in employment in Q1 2020 and pessimistic business forecasts due to COVID-19
Neuchâtel, 26.05.2020 - In 1st quarter 2020, total employment (number of jobs) fell by 0.1% in comparison with the previous quarter (seasonally adjusted figures). Compared with the same quarter of the previous year, it increased by +0.6%. In full-time equivalents, employment in the same period rose by 0.3%. The Swiss economy counted 10 000 fewer vacancies than in the corresponding quarter of the previous year (–12.9%) with the employment outlook indicator indicating a downward trend (–3.7%). These are some of the latest findings from the Federal Statistical Office (FSO).
This press release and further information on this topic can be found on the FSO website (see link below).
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Federal Statistical Office