Swiss Labour Market Barometer

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.

In the second month of the war in Ukraine, the labour market outlook in Switzerland is clearly improving


The Swiss Labour Market Barometer rose by 1.5 percentage points to 103.7 (seasonally adjusted) in April. Switzerland’s labour market outlook is therefore clearly in ‘good’ territory, reaching its highest level to date.

Oliver Schärli, head of the Labour market/unemployment insurance division at SECO thinks the labour market situation is still good. “The seasonally-adjusted unemployment rate was 2.2% at the end of April 2022, which is 0.1 percentage points below the 2019 value, in other words below pre-pandemic levels. Looking back at the last few weeks, it’s therefore clear that the war in Ukraine and the associated sanctions against Russia have so far done little to dampen the positive momentum in the labour market,” he says.

Both barometer components are at their highest levels to date.

arbeitsmarktbarometer grafik EN.PNG


Both components fared better in April than in March, with registered unemployment up from 102.3 to 103.9 and employment up from 102.0 to 103.5 percentage points (seasonally adjusted in each case). Both components thus reached their highest levels to date in April.


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, 17 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 and Belgium-Wallonia. 

https://www.arbeit.swiss/content/secoalv/en/home/menue/institutionen-medien/schweizer-arbeitsmarktbarometer.html