Swiss Unemployment Held Steady in September as Economy Cooled

Swiss unemployment held steady in September, suggesting companies are holding onto their employees even as the economy cools.

The jobless rate, adjusted for seasonal swings, remained at 2.9 percent, the State Secretariat for Economic Affairs in Bern said in an e-mailed statement today. That’s below the median forecast of 3 percent by 11 economists in a Bloomberg News survey. Unadjusted unemployment was also unchanged from August at 2.8 percent.

To contact the reporter on this story: Paul Verschuur in Zurich at pverschuur@bloomberg.net

To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net

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