Swiss Jobless Rate Rises In July

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Switzerland's unadjusted jobless rate rose to 3.7% in July from 3.6% in June, the State Secretariat For Economic Affairs said Friday. That was in line with economists' expectations.

There were 145,364 unemployed in the country in July, up 5,111 from June and 53,201 from the same month of the previous year.

Youth unemployment rose 3,229 from June to 25,693 and the number of job seekers grew 5,147 to 204,137. There were 14,370 vacancies in July, down 485 month-on-month.

The seasonally adjusted rate of unemployment also increased in July, to 3.9% from 3.8% recorded in June. That was also in line with economists' prediction.

Switzerland's unadjusted jobless rate rose to 3.7% in July from 3.6% in June, the State Secretariat For Economic Affairs said Friday. That was in line with economists' expectations. (Market News Provided by RTTNews)