Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Switzerland’s jobless rate has remained steady at 2.3% in May, data by the State Secretariat for Economic Affairs showed, in line with market expectations.

It has been the lowest rate since December 2023.

The number of unemployed individuals dropped by 1,492 to 105,465 in May compared to a month ago.

Switzerland’s youth unemployment rate, which tracks job-seekers aged between 15 and 24, also remained stable at 2% in May.

The number of young unemployed persons dropped by 162 to 8,924, the data showed.

The Swiss unemployment rate, adjusted for seasonal factors, was reported at 2.4% in May.

The EUR/CHF currency pair settled 0.03% lower at 0.9680 on Friday.

For the week, the minor currency pair retreated 1.04%, as it extended the loss from the prior trading week.

The Forex pair settled in proximity to a fresh seven-week low of 0.9669.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: EUR/GBP daily trading forecastForex Market: EUR/GBP daily trading forecast Yesterday’s trade saw EUR/GBP within the range of 0.7314-0.7345. The daily low was a fresh more-than-six-year low. The pair closed at 0.7315, losing 0.34% on a daily basis.At 7:17 GMT today EUR/GBP was down 0.02% for the day to trade at […]
  • Grain futures mixed, wheat falls on favorable weather outlookGrain futures mixed, wheat falls on favorable weather outlook Grain futures were mixed on Monday with corn slightly advancing, while soybeans and wheat posted a moderate decline as mostly favorable conditions in the U.S. and South America supported the crop outlook.On the Chicago Board of Trade, […]
  • US stocks rose Bernanke awaits more positive dataUS stocks rose Bernanke awaits more positive data U.S. stocks advance, after the Standard & Poor’s 500 Index broke an eight day streak of gains yesterday, as Federal Reserve Chairman Ben S. Bernanke said the central banks actions still depend on upcoming data.The S&P 500 jumped […]
  • Commodity Market: Pivot Levels for Monday (March 13th 2017)Commodity Market: Pivot Levels for Monday (March 13th 2017) Silver (SI) for May delivery (1 Troy Ounce)R1 – $16.946 R2 – $16.969 R3 (Range Resistance – Sell) – $16.992 R4 (Long Breakout) – $17.061 R5 (Breakout Target 1) – $17.141 R6 (Breakout Target 2) – $17.174S1 – $16.900 S2 – […]
  • Major Currency Pairs: Pivot Levels for Tuesday (May 30th 2017)Major Currency Pairs: Pivot Levels for Tuesday (May 30th 2017) USD/CHFR1 – 0.9781 R2 – 0.9786 R3 (Range Resistance - Sell) – 0.9790 R4 (Long Breakout) – 0.9803 R5 (Breakout Target 1) - 0.9819 R6 (Breakout Target 2) - 0.9825S1 – 0.9773 S2 – 0.9768 S3 (Range Support - Buy) – 0.9764 S4 […]
  • Natural gas futures tumble following bearish EIA supply dataNatural gas futures tumble following bearish EIA supply data Natural gas fell to the lowest since July, erasing previous daily gains, after the Energy Information Administration reported a larger-than-expected build in US natural gas stockpiles for the week ended October 10th. Overall mild weather with […]