Release Explanation: The number of jobs created, or the percentage of employed/unemployed in the labor market. Very important that economic forecasts are based on the labor market. Economic strength builds from the willingness/confidence of firms to hire, without a strong labor market growth is hard to achieve.
Trade Desk Thoughts: The number of employed workers in the last quarter in Switzerland reached 3.96M, higher than in the previous 3 months of the second quarter. The release shows the labor sector is still resilient to the global slowdown and the Swiss economy could weather the crisis with more ease than other economies.
Forex Technical Reaction: The release had little effect on the pair, and the swissy continues to trade lower since the Asian session had started. The pair has dropped 50 pips since the new trading day began and is now testing the neutral pivot point.
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Swiss Employment Level Remains Strong In Q3
Published 12/31/2000, 07:00 PM
Updated 11/27/2008, 03:36 AM
Swiss Employment Level Remains Strong In Q3
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