The job market in Switzerland in July is facing the + 52% of unemployed

economy


According to the surveys carried out by the State Secretariat for Economic Affairs (SECO), at the end of July 2020 in Switzerland they were enrolled 148,870 unemployed at the regional employment offices (URC), ie 1,419 less than the previous month. In the month under review, the unemployment rate remained unchanged at 3.2%. Compared to the same month of the previous year, the number of unemployed is increased by 51,292 units (+ 52.6%).

Youth unemployment in July 2020

The number of unemployed young people (15-24 years) increased by 578 units (+ 3.3%) reaching a total of 17’895,
this corresponds to 7,066 more people (+ 65.3%) compared to the same month of the previous year.

Unemployed aged 50-64 in July 2020

The number of unemployed aged 50-64 fell by 154 people (-0.4%), reaching 39,530. Compared to the same month of the previous year, this corresponds to an increase of 11,914 people (+ 43.1%).

Job seekers in July 2020

Overall, there were 235’762 registered job seekers, 2’308 more than in the month
previous year and 64’482 (+ 37.6%) more than in the corresponding period of the previous year.

Vacancies announced in July 2020

On 1 July 2018, the obligation to announce vacancies for genders was introduced throughout Switzerland
professions with an unemployment rate of at least 8%; from 1 January 2020 this threshold value is
been reduced to 5%. The number of seats announced at the URC increased by 3’376 in July, reaching
35’295 units. Of the 35,295 places, 19,951 were subject to the notification obligation.

Reduced work counted in May 2020

In May 2020, 890’890 people were affected by reduced work, or 186’151 fewer
(-17.3%) compared to the previous month. The number of companies affected decreased by 21,081 units (-16.1%)
reaching 109’988. The number of working hours lost decreased by 32’251’979 units (-35.8%), reaching 57’933’292 hours. In the corresponding period of the previous year (May 2019), 71,054 hours lost were recorded, spread over 1,374 people in 82 companies.

People who exhausted their entitlement to the allowance in May 2020

According to provisional data provided by the unemployment funds, during the month of May 2020 there are 62
people who have exhausted their right to unemployment benefit. During the validity period
of the COVID-19 unemployment insurance ordinance, all persons entitled to the allowance
receive a maximum of 120 additional daily allowances.

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