Unemployment Rate Rose to 4.6%
(admin.ch - The portal of the Swiss government, June 27, 2013)
According to figures from the Federal Statistical Office (FSO), the number of employed persons in Switzerland rose by 1.5% between the 1st quarter 2012 and the 1st quarter 2013. Within the European Union (EU), it declined (-0.4%). During the same period, the unemployment rate as defined by the International Labour Organisation (ILO) increased in Switzerland from 4.3% to 4,6%. The EU's unemployment rate based on ILO definition rose markedly from 10.6% to 11.4%. In the 1st quarter 2013, the unemployment rate of young people was 8.3% in Switzerland compared with 24.1% in the EU.