Investors in the week ahead will receive an update on Switzerland’s unemployment rate, amid continued strength in its labor market, despite certain companies’ ongoing efforts to slash their workforce.
Although some firms, including Austrian bank Raiffeisen and Swiss pharma giant Novartis (NYSE: NVS), have recently announced plans to cut jobs in Switzerland, the country’s employment base continues to be robust.
Switzerland’s unemployment rate fell to 2.7% in February 2019 from 2.8% in the prior month, with the number of unemployed having decreased by 17% month-over-month to 24,457 people.
According to the nation’s State Secretariat for