Swiss employment outlook improves after Q4 dip

The employment outlook in Switzerland is improving, data showed on Thursday, after the number of jobs dipped only minimally at the end of 2009, showing that the economic recovery may reach the labour market soon.

Non-farm payrolls fell by 0.1 percent year-on-year in the last three months of 2009 to 3.96 million, the Federal Statistics Office said.

However, payrolls were 0.1 percent higher compared with the third quarter when also adjusted for seasonal factors, and the statistics office’s index for the employment outlook rose by 0.4 percent.

“The indicators point to a rise in employment in the first quarter,” the office said. The seasonally adjusted index for vacancies pointed to a positive development in the industrial sector as well as in the service sector.


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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza