Latest data released by SECO - 9 September 2019
- Prior 2.1%
- Seasonally adjusted unemployment rate 2.3% vs 2.3% expected
- Prior 2.3%
The readings are in-line with expectations as the seasonally adjusted rate remains at its tightest level since April 2002.
If only this would translate to wage/inflation pressures, then the SNB would've been able to breathe easier but alas, more easing looks set to come in two weeks' time.
