Covid-19 leads to record drop in Swiss employment

8/20/2020 11:39:26 PM

(MENAFN- Swissinfo) The latest work figures show that 85,000 fewer people are employed now than at the same time in 2019 – the biggest decline since 1993.

This content was published on August 20, 2020 - 10:28 August 20, 2020 - 10:28 Keystone-SDA/jdp See in other languages: 2

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(es) Caída récord del empleo en Suiza debido a la COVID-19
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(pt) Covid-19 provoca queda recorde de empregos na Suíça

According to the second quarter federal labour statistics released on Thursday, there are 1.6% fewer people employed in Switzerland compared with this time last year. The drop was slightly higher for women than for men (1.7% and 1.5% respectively).

Those in partial unemployment are not classified as out of work, in the statistics. But as a result of Covid-19-driven restrictions on business activities, many people worked fewer hours. The Federal Statistical Office (FSO) said weekly hours per employed person fell by 9.5% in this period.

If only full-time equivalents are considered, gender differences are greater. For men, the fall in the number of people who worked full-time was 0.4%, compared to 2.4% for women.

Some 223,000 are now unemployed – that's 17,000 more than 2019. Young people (15-24 years old) were particularly affected by the crisis: while the unemployment rate for the whole population climbed from 4.2% to 4.6%, it increased from 6.2% to 8.4% for the youth.

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