Latest data released by SECO - 10 December 2018
- Prior 2.4%
- Seasonally adjusted 2.4% vs 2.5% expected
- Prior 2.5%
Focus on the readings here is on the seasonally adjusted figure as it falls to its lowest reading since May 2002. Once again, it continues to highlight the tightening Swiss labour market which will add some confidence to the SNB.
However, the central bank will sure be wishing this translates into more significant wage growth (and in turn more lasting inflationary pressures), which hasn't really been the case as core inflation in the Swiss economy remains rather weak.
