Jobs in Switzerland: Less labour shortages, more unemployment

Post on: 10.01.2025

The labour market in Switzerland in 2024: slight easing in the number of skilled workers.

Jobs in Switzerland: Market performance in 2024 è was characterised by a slowdown in economic developments. In industry, in particular, a significant drop in demand has led to a slowdown in production. In turn, the shortage of labour has increased; felt less as an obstacle to production as the need for qualified personnel is more ù weak.

In this cyclical context, the seasonally adjusted unemployment rate è gradually increased from a very low level (2.2% to beginning of the year) to reach 2.6% in December. In industry, and in particular in the MEM industry and watchmaking, during the year more claims for benefits were submitted; for short-time work (ILR). In December, a total of 23,400 employees registered to benefit from the ILR, 10 000 more compared to the previous year. According to the experience, è likely a good half of the of these people will benefit; effectively of the ILR.

With an annual average of 2.4%, the unemployment rate in 2024 è well below its long-term average. In its December forecasts, the federal government's expert group on economic forecasts expects a higher increase in economic forecasts. slow and gradual unemployment rate in 2025. According to forecasts, the unemployment rate would average 2.7% for the year, thus remaining slightly below the long-term average or neutral; economic. & Therefore, it is legitimate to describe both the current situation and the prospects of the labor market as good and balanced.

Retrospective: unemployment and short-time work in 2024

Also in 2024, unemployment figures confirmed the trend of increase already in 2024; observed by the mid-century; of 2023. During the year, the seasonally adjusted unemployment rate è increased gradually from 2.2% (January 2024) to 2.6% (December 2024). The average annual unemployment rate is of 2.4%.

The average annual number of unemployed in 2024 è of 112' 563 people, or 19' 027 more people compared to 2023 (+20.3%). After a decrease from 113' 175 (January 2024) to 104' 518 people (June 2024) in the first half of the year, the number of registered unemployed people is egrave; increased continuously in the following months until it reached 130' 293 in December 2024 (+23' 434/+21.9% compared to December 2023).

In 2024, people looking for a were an average of 184 minutes 529, thus overcoming the average of the previous year (+24' 442/+15,3%). At the end of January 2024, people looking for announced were 182' 253, at the end of June the number è down to 174' 964 and then rose to a similar extent to the number of unemployed and finally settled at 209 at the end of December 2024 024 people (+32' 045), equal to 18.1% more; compared to the previous year.

Ciò translates into an average unemployment rate of 2.4% for the year, equal to an increase of 0.4 percentage points compared to 2023 (2.0%). The 2024 rate is therefore still below the neutral unemployment rate in 2024. economic cycle, expected at 2.8% according to what was observed in the period from 2010 to 2020. The average youth unemployment rate in 2024 (15-24 years) stands at 2.3% (+0.3 percentage points compared to 2023), while that of senior workers (50-64 years) is 2.3% (+0.3 percentage points compared to 2023), while that of senior workers (50-64 years) is 2.3% by 2.2% (+0.3 percentage points compared to 2023). In the ageà average (25-49 years), on the other hand, the unemployment rate is rose to 2.7% (+0.5 percentage points compared to 2023).

In 2024 (according to data available at the end of October), around CHF 133 million was paid out in indemnities; for short-time work (ILR), which is almost twice as high as the previous year: on the same date, disbursements amounted to around 65 million francs. In the first half of the year, the disbursement of the ILR è progressively increasing, going from 8' 465 workers who benefited (379 sectors of the financial year) in January 2024, at 9' 471 workers (434 sectors of financial year) in June 2024. Until October 2024, the ILR had been counted for 6 minutes 922 workers (390 sectors of exercise). These figures could increase, as companies have three months to submit their statements. In addition, based on the pre-announcements received so far, è probable that the number of those entitled to the ILR increases again by the end of the year.

Surplus revenue for the unemployment insurance

According to current estimates, the unemployment compensation fund Unemployment insurance will close The financial year 2024 with CHF 8.86 billion in revenue (2023: CHF 9.14 billion) and CHF 7.31 billion in expenditure (2023: CHF 6.38 billion), with a Surplus of CHF 1.55 billion (2023: surplus of CHF 2.76 billion). The main revenue consisted of contributions from insured persons and employers of CHF 8.08 billion (2023: CHF 7.86 billion) and public contributions of CHF 0.79 billion (2023: CHF 1.29 billion including the financial contribution of the COVID-19 Confederation). The main expenses include allowances. unemployment benefits, which amounted to CHF 5.48 billion in 2024 (2023: CHF 4.28 billion), and unemployment benefits; for short-time work of CHF 0.19 billion (2023: CHF 0.58 billion).

Employment in Switzerland, unemployment: December 2024 figures

Unemployment:  In December 2024, the number of unemployed persons was unemployed; increased by 9' 179 units. (+7.6%) compared to the previous month, for a total of 130 minutes 293 people. Compared to the same month of previous year, the number of unemployed was increased by 23' 434 unitsà (+21,9%). In December 2024 the unemployment rate è increased by 0.2 percentage points compared with the previous month to 2.8%.

In December 2024, the seasonally adjusted number of unemployed persons è increased by 208 units. (+0.2%) compared to the previous month, for a total of 121' 800 people. In December 2024, the seasonally adjusted unemployment rate è remained unchanged at 2.6%.

From November 2024 to December 2024, the number of unemployed young people (15-24 years) è increased by 346 units. (+2.9%), for a total of 12 minutes 163 people. Compared to the same month of previous year corresponds to an increase of 2' 261 people (+22.8%). In December 2024 the youth unemployment rate increased by 0.1 percentage points compared with the previous month to 2.7%.

In December 2024 the number of elderly unemployed (50-64 years) è increased by 2' 362 or 7.0% compared to the previous month, for a value of 35,866. Compared to the same month of previous year corresponds to an increase of 5' 742 people (+19.1%). In December 2024, the unemployment rate of older workers was 2.6%, representing an increase of 0.2 percentage points compared to the previous month.

Persons seeking Usage: In December 2024, a total of 209' 024 people looking for 10' 231 moreù compared to the previous month (+5.1%). Compared to the same month of previous year corresponds to an increase of 32' 045 people (+18.1%). In December 2024, the rate of people looking for a job Usage è increased by 0.2 percentage compared to the previous month, equal to 4.5%.

Adjusted seasonally, in December 2024 the number of people looking for a job in December 2024 Usage è increased by 2' 163 units. (+1.1%) compared to the previous month, for a total of 198' 120 people. In December 2024, the seasonally adjusted rate of people looking for a job Usage è remained unchanged at 4.3%.

Exhaustion of the right to indemnity; Unemployment:  According to data available at the end of December 2024, people who have exhausted their right to indemnity; in October 20241 there were 2,609 unemployment. That's 614 more people. (+30.8%) vs. September 2024.

Vacancies:  In December 2024, there were 30 vacancies announced at the RAVs 422, 2' 486 less than the previous month (-7.6%). 14' 891 (48.9%) places are subject to the obligation to register. Compared to the same period of the previous year, 4' 958 fewer vacancies (-14.0%). Seasonally adjusted, for the month of December 2024 there was an increase in vacancies of 727 (+2.0%) compared to the previous month, totalling 37,686,

Short-time working:  According to data available at the end of December 2024, there were 6 people affected by short-time work in October 20241 922, 2' 646 fewer (-27.7%) compared to September 2024. Compared to September 2024, the number of Exercises involved decreased by 87 (-18.2%), for a total of 390,