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 shows negative outlook for the first time

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The Swiss Labour Market Barometer fell from 101.6 percentage points (in July) to 98.9 percentage points in August 2022. The barometer has therefore reached its lowest level since it was introduced in May 2021 and the overall outlook is negative for the first time.

Commenting on the Swiss Labour Market Barometer results for August, Oliver Schärli, head of the Labour market/unemployment insurance division at SECO, says: “Since it was introduced in May 2021, the Swiss Labour Market Barometer has consistently shown a positive outlook. And in real terms, too, (seasonally adjusted) registered unemployment has continuously fallen throughout this period. Amid an exceptionally good labour market situation on the one hand and the development of energy prices on the other, this assessment by labour market experts in the cantons makes sense.”

 

Decline is sharper for registered unemployment 

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At 98.3 (registered unemployment, seasonally adjusted) and 99.5 (employment, seasonally adjusted), the outlook for both components of the Labour Market Barometer was lower in August than in previous months.


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