Switzerland November unemployment rate 3.0% vs 3.1% expected

Author: Justin Low | Category: News

Seasonally adjusted numbers released by SECO 7 Dec 2017

  • Unadjusted unemployment rate 3.1% vs 3.1% expected
That's the lowest reading on the seasonally adjusted numbers since 2012.

Healthy number with regards to the job market, but not a big factor in the CHF equation. The SNB and risk sentiment are the main drivers when it comes to the swissie.

USD/CHF is at session highs of 0.9911 currently as the dollar is inching higher on the day.