Latest data released by SECO - 9 July 2018

  • Prior 2.4%
  • Seasonally adjusted 2.6% vs 2.5% expected
  • Prior 2.6%; revised to 2.7%

With the prior being revised higher, the seasonally adjusted rate falls to its lowest since 2008. Continued tightness in the labour market and that's still a positive for the SNB and the swissie, although this is a minor data point. The inflation outlook matters a whole lot more, but this certainly does no harm to that.