2023-08-11 12:50:26
– Fewer start-ups and
unemployment of 3.6% in the canton
Geneva is still at the highest unemployment rate in Switzerland, while business start-ups on the rise in the country are falling at the end of the lake.
OBO with TTY
Posted today at 2:50 p.m.
A television screen indicates vacancies in the lobby of the Cantonal Employment Office.
KEYSTONE
While there has been a 16% increase in the number of bankruptcies since the beginning of the year in Switzerland, according to business information specialist Dun and Bradstreet, Geneva is also recording a slowdown in the number of business creations (-1%), contrary to the national trend recorded at 4% increase. As a reminder, the number of bankruptcies opened in the canton was 1402 in 2022, with 1236 proceedings closed. In the first seven months of 2023, some 2,998 companies declared bankruptcy in Switzerland. An above-average increase was recorded in the Espace Mittelland (+22%), as well as in Zurich and the north-west of the country (+18%).
As for employment, the latest monthly statistics for the month of July confirm for the third consecutive month the unemployment rate in Switzerland at 1.9%. You have to go back to 2001 to find a lower unemployment rate. At the end of the month, 87,601 people were registered with the regional placement offices. However, the canton of Geneva remains the worst student in the class since the unemployment rate was 3.6%, followed by the cantons of Jura and Vaud at 3.2% each. In detail, the unemployment rate for 15-24 year olds fell in Switzerland over one year by 0.7%, while that of 50-64 year olds also fell over one year by 10.9%.
For 2023, the economists of the Confederation expect an unemployment rate of 2%, then a rise to 2.3% in 2024. The bank UBS expects a rate of 2.0% in 2023 and 2.2% next year.
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