Switzerland March unemployment rate 3.4% vs 3.6% expected

Latest data released by the Federal Statistics Office - 9 April 2021

• Prior 3.6%
• Seasonally adjusted unemployment rate 3.3% vs 3.6% expected
• Prior 3.6%; revised to 3.4%

The Swiss jobless rate ticked lower last month despite job vacancies increasing from 38,678 in February to 45,182 in March. The furlough program continues to create a bit of a messy picture, so it is tough to read into the trend from the readings above.