Swiss Labour Market Barometer

The Swiss Labour Market Barometer is a monthly leading indicator based on a survey of labour market experts from selected employment centres in 22 cantons.

Swiss labour market outlook still positive

Arbeitsmarktbarometer_Mai_EN

Both components of the Swiss Labour Market Barometer were back in positive territory in May 2024. The outlook is particularly positive for registered unemployment (seasonally adjusted), with labour market experts anticipating a fall in joblessness (101.0). Meanwhile, their outlook for employment (seasonally adjusted) is moderately positive (100.5).

“As in March and April, once again in May labour market experts from the RAVs expected unemployment to decline slightly and employment to stay the same or rise by a small margin,” says Oliver Schärli, head of the Labour market/unemployment insurance division at SECO.

Zeitreihe_Mai_EN

While the short-term labour market outlook according to experts from the RAVs was positive in May (the Labour Market Barometer stood at 100.8), the figures are somewhat less marked compared with the same period last year. 


Methodology

The Swiss Labour Market Barometer is a monthly leading indicator based on a survey of labour market experts from selected employment centres in 22 cantons. The survey has been conducted since May 2021 by SECO in collaboration with the Institute for Employment Research (IAB) in Germany and the European Labour Market Barometer.

While component A of the barometer signals the development of the seasonally adjusted unemployment figures for the next three months, component B forecasts employment trends. The average of the components ‘unemployment’ and ‘employment’ constitutes the total value of the barometer. This indicator thus provides an outlook on the overall development of the labour market. The scale ranges from 90 (very poor development) to 110 (very good development).

European Labour Market Barometer

The European Labour Market Barometer has been conducted since June 2018 together with the public employment offices in participating countries and the IAB. Currently, 18 countries take part in the survey. These include: Austria, Bulgaria, Cyprus, the Czech Republic, Denmark, Belgium-DG, Belgium-Flanders, Germany, Iceland, Liechtenstein, Lithuania, Luxembourg, Malta, Poland, Portugal, Switzerland, Sweden and Belgium-Wallonia. 

https://www.arbeit.swiss/content/secoalv/en/home/menue/institutionen-medien/schweizer-arbeitsmarktbarometer.html