Swiss Jobless Rate Edges Up to 2.2%

The Swiss unemployment rate edged up to a non-seasonally adjusted 2.2 percent in January 2023, from 2.1 percent in the previous month and matching market expectations.

The latest figure pointed to the highest reading since April 2022, as the number of unemployed people rose by 3,835 from the previous month to 100,776.

Meanwhile, the youth unemployment rate, which measures the number of job-seekers between 15 to 24 years old, increased by 3 percent to 9,039.

On a seasonally adjusted basis, the unemployment rate stood at 1.9 percent, the same as in December.