Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More
Home » Forex and Currency News » Switzerland’s unemployment rate rises to 2.4% in August

Switzerland’s unemployment rate rises to 2.4% in August

Written by Miroslav Marinov
Miroslav Marinov
Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated: October 30, 2024

Switzerland’s jobless rate has risen to 2.4% in August from 2.3% in the prior four months, data by the State Secretariat for Economic Affairs showed.

The number of unemployed individuals rose by 3,638 to six-month high of 111,354 in August.

Switzerland’s youth unemployment rate, which tracks job-seekers aged between 15 and 24, rose to 2.7% in August from 2.2% in July.

The number of young unemployed persons went up by 2,004 to 11,905, the data showed.

The Swiss unemployment rate, adjusted for seasonal factors, was reported at 2.5% in August, or unchanged from July.

The Swiss Franc was little changed on the day against the Euro, with the EUR/CHF currency pair last trading at 0.9390.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Gold rises on U.S. budget stalemate, economic dataGold rises on U.S. budget stalemate, economic data Gold rose on Thursday as investors weighed growing concern over a U.S. government shutdown against prospects for Fed commencing Quantitative Easing tapering by the end of the year. GDP data remained in market players focus. Silver and platinum […]
  • Kia Motors Corp. share price up, to invest $1-billion in a Mexico auto assembly plantKia Motors Corp. share price up, to invest $1-billion in a Mexico auto assembly plant Kia Motors Corp. announced that it intends to build its first assembly factory in Mexico. Mr. Enrique Pena Nieto, the companys Mexican President, said in an official statement that Kia plans to invest more than $1-billion in the plant and will […]
  • European cars are turning tiny and greenEuropean cars are turning tiny and green Germany’s car-maker giants are finally going electric, as for the first time, all of the world’s major manufacturers are embracing electric or hybrid models, suggesting that the industry is reaching a tipping point.Volkswagen, the world’s […]
  • Pushpay appoints new Chief Financial OfficerPushpay appoints new Chief Financial Officer Pushpay, a payments and engagement solutions provider for mission-driven organizations, said on Thursday that it had appointed Burt Chao as its next Chief Financial Officer, based in Redmond.Chao joins Pushpay from Kaleris, a […]
  • USD/CAD lower in calm tradeUSD/CAD lower in calm trade On Monday US dollar lowered against its Canadian counterpart in steady trade, as investors began to focus on FEDs monetary policy meeting, scheduled on Wednesday.USD/CAD fell to a session low at 1.0148 during early US trade, after which […]
  • Coca-Cola Americas management shaken upCoca-Cola Americas management shaken up The senior management of Coca-Cola Co. was seriously shaken late Thursday, when the company announced that its Americas chief is leaving.The news of the resignation of Steve Cahillane, who was once expected to be the successor of Chief […]