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.


Robust labour market outlook

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The Swiss Labour Market Barometer reached a level of 99.6 percentage points in October and is therefore virtually unchanged versus the previous month (99.8 percentage points).  

"Labour market experts at the RAVs still only expect a very moderate increase in registered (seasonally-adjusted) unemployment in the next three months. Against the backdrop of the projected economic downturn and dampened consumer sentiment, the labour market outlook is therefore still robust," says Oliver Schärli, head of the Labour market/unemployment insurance division at SECO. 


Neutral outlook for both registered unemployment and employment

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At 99.2 (registered unemployment, seasonally adjusted) and 99.9 (employment, seasonally adjusted), the outlook for both components of the labour market barometer is more or less neutral in October. While the two components diverged in September, they aligned more closely again in October.


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