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.

Continued slight improvement in the labour market forecast


The Swiss Labour Market Barometer dropped by 1.1 points to 100.1 (seasonally adjusted) in December 2021. It has therefore reached the lowest level since its launch in May 2021 but the outlook remains positive.


“The Swiss employment services are seeing that use of short-time working compensation continues to decrease and there have been no further blanket restrictions on economic activity across entire sectors. In keeping with these underlying conditions, the short-term employment outlook is still good. In terms of registered unemployment, however, for the first time, the employment services don’t anticipate any further decline within the next three months,“ says Oliver Schärli, head of the Labour market/unemployment insurance division at SECO, referring to the results of the Barometer for December.
 

Better outlook for employment
At 99.2, the estimated short-term development of registered unemployment (seasonally adjusted) was negative for the first time in December 2021, while at 101.0, the outlook for employment (seasonally adjusted) continues to be good. In contrast to the spring and summer months, the expected short-term development of employment since September has been better than the expected short-term development of registered unemployment, which was previously at a high level, with values of between 103.3 and 103.8 between May and July 2021. (Seasonally-adjusted) unemployment also decreased significantly in real terms in the evaluation period.

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