Investing.com – The number of people employed in Switzerland rose more-than-expected in the third quarter, official data showed on Monday.
In a report, the Swiss Federal Statistics Office said that the number of employed people in Switzerland rose to a seasonally adjusted 4.05 million during the third quarter, up from 4.02 million in the preceding quarter, whose figure was revised up from 2.77 million.
Analysts had expected the Swiss employment level to rise to 4.04 million in the third quarter.
The report showed that for the first time in two years the employment outlook indicator and the number of job vacancies show a very slight decline in year-on-year comparison. Employment should, nevertheless, remain stable for the next quarter.
Following the release of the data, the Swiss franc held on to losses against the U.S. dollar, with USD/CHF gaining 0.5% to trade at 0.9278.
In a report, the Swiss Federal Statistics Office said that the number of employed people in Switzerland rose to a seasonally adjusted 4.05 million during the third quarter, up from 4.02 million in the preceding quarter, whose figure was revised up from 2.77 million.
Analysts had expected the Swiss employment level to rise to 4.04 million in the third quarter.
The report showed that for the first time in two years the employment outlook indicator and the number of job vacancies show a very slight decline in year-on-year comparison. Employment should, nevertheless, remain stable for the next quarter.
Following the release of the data, the Swiss franc held on to losses against the U.S. dollar, with USD/CHF gaining 0.5% to trade at 0.9278.