The employment outlook in Switzerland is improving, data showed on Thursday, after the number of jobs dipped only minimally at the end of 2009, showing that the economic recovery may reach the labour market soon.
Non-farm payrolls fell by 0.1 percent year-on-year in the last three months of 2009 to 3.96 million, the Federal Statistics Office said.
However, payrolls were 0.1 percent higher compared with the third quarter when also adjusted for seasonal factors, and the statistics office’s index for the employment outlook rose by 0.4 percent.
“The indicators point to a rise in employment in the first quarter,” the office said. The seasonally adjusted index for vacancies pointed to a positive development in the industrial sector as well as in the service sector.