Latest data released by the Federal Statistics Office - 10 February 2020
- Prior 2.5%
- Seasonally adjusted unemployment rate 2.3% vs 2.3% expected
- Prior 2.3%
Although the headline jobless rate ticked a little higher, the seasonally adjusted reading continues to keep steady at 2.3% - hinting at tight labour market conditions still.
However, this hasn't helped to translate to meaningful wage/inflation pressures and that remains the bane for the SNB and the Swiss economic outlook over the past few years.
