Swiss unemployment rate stable at 3.1% in October

According to the State Secretariat for Economic Affairs (SECO) surveys, 134,800 unemployed people were registered at the regional employment agencies (RAV) at the end of October 2017, 1,631 more than in the previous month. The unemployment rate remained at 3.0% in the month under review. Compared with the same month last year, unemployment fell by 9,731 (-6.7%). Youth unemployment in October 2017 Youth unemployment (15-24 year-olds) decreased by 804 (-4.5%) to 16,905. Compared to the same month of the previous year, this represents a decline of 2,190 people (-11.5%).