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.

Swiss Labour Market Barometer falls for the third consecutive month

Swiss Labour Market Barometer in July 2022_EN.PNG


The Swiss Labour Market Barometer fell by 0.8 percentage points to 101.6 between June and July 2022. Labour market experts therefore predict a slowing down of the labour market recovery in the next three months. However, the labour market outlook remains positive.

Commenting on the Swiss Labour Market Barometer results for July, Oliver Schärli, head of the Labour market/unemployment insurance division at SECO, says: “Despite the low level of registered unemployment of 2.2 per cent (seasonally adjusted) in July 2022, the labour market experts still see potential for a further decline in registered unemployment (seasonally adjusted) in the next three months. With regard to short-term employment (seasonally adjusted), they assume that on account of global uncertainty, companies are already being more cautious than earlier in the year when it comes to planning new hires.”


Decline is sharper for employment

Swiss Labour Market Barometer to July 2022_EN.PNG


At 101.8 (registered unemployment, seasonally adjusted) and 101.5 (employment, seasonally adjusted), both components of the Labour Market Barometer were slightly lower for the third consecutive month in July compared with previous months. In July, the outlook for employment fell more sharply than for unemployment (1.1 percentage points for employment versus 0.5 percentage points for unemployment).  


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