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Swiss Jobless Rate Steady At 2.3%

Switzerland's unemployment rate remained unchanged in November, the State Secretariat for Economic Affairs, or SECO, reported Monday.


The jobless rate held steady at a seasonally adjusted 2.3 percent in November, in line with expectations.


Meanwhile, on an unadjusted basis, the jobless rate rose to 2.3 percent from 2.2 percent in October.


The number of people out of work increased 4,646 from the previous month to 106,330 in November. Compared to the same period last year, unemployment decreased 4,144.


The unemployment rate among youth aged between 15 and 24, remained stable at 2.3 percent in November, data showed.