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 first time this year

arbeitsmarktbarometer EN Mai.PNG


The Swiss Labour Market Barometer fell by 0.3 percentage points to 103.4 between April and May 2022 as labour market experts predicted a slight slowdown in the labour market recovery over the next three months. However, the outlook is still good.

Oliver Schärli, head of the Labour market/unemployment insurance division at SECO, says the labour market situation is still good. «Compared with April, the outlook has only slightly worsened. The economic effects of the war in Ukraine seem hardly to be having an impact on the short-term labour market outlook. While 51,408 refugees from Ukraine had been granted protection status S at the end of May, only 1,173 had signed on with the RAV.»

Both barometer components slightly down

Grafik EN Mai.PNG


At 103.6 (registered unemployment) and 103.1 (employment), the outlook for both components of the labour market barometer was slightly worse in May than 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.secoalv.admin.ch/content/secoalv/en/home/menue/institutionen-medien/schweizer-arbeitsmarktbarometer.html