The Swiss Labour Market Barometer is a monthly leading indicator based on a survey of labour market experts from selected employment centres in 22 cantons.
Labour market experts predict further fall in unemployment (seasonally adjusted)
At 101.6 percentage points, the Swiss Labour Market Barometer remains strong in April 2023. For both unemployment (seasonally adjusted) and employment (seasonally adjusted), the outlook for the next three months is deemed to be ‘good’.
"At 1.9%, the seasonally adjusted unemployment rate was also at a historically low level in April. Despite this already very good starting point, the experts at the REOs expect to see a further fall in unemployment (seasonally adjusted) as well as a somewhat weaker increase in employment (seasonally adjusted) in the coming months," said Oliver Schärli, Head of SECO’s Labour Market / Unemployment Insurance Division.
Short-term outlook for registered unemployment and employment at the same level
At 102.1 percentage points for registered unemployment (seasonally adjusted) and 101.1 for employment (seasonally adjusted), both barometer components and therefore the overall labour market outlook for the next three months continue to be deemed as ‘good’.
Methodology
The Swiss Labour Market Barometer is a monthly leading indicator based on a survey of labour market experts from selected employment centres in 22 cantons. The survey has been conducted since May 2021 by SECO in collaboration with the Institute for Employment Research (IAB) in Germany and the European Labour Market Barometer.
While component A of the barometer signals the development of the seasonally adjusted unemployment figures for the next three months, component B forecasts employment trends. The average of the components ‘unemployment’ and ‘employment’ constitutes the total value of the barometer. This indicator thus provides an outlook on the overall development of the labour market. The scale ranges from 90 (very poor development) to 110 (very good development).
European Labour Market Barometer
The European Labour Market Barometer has been conducted since June 2018 together with the public employment offices in participating countries and the IAB. Currently, 18 countries take part in the survey. These include: Austria, Bulgaria, Cyprus, the Czech Republic, Denmark, Belgium-DG, Belgium-Flanders, Germany, Iceland, Liechtenstein, Lithuania, Luxembourg, Malta, Poland, Portugal, Switzerland, Sweden and Belgium-Wallonia.
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