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Switzerland Unemployment Rate Rises To 2.9 Percent In October
Switzerland’s October unemployment rate climbed to 2.9%, slightly above both the previous month’s 2.8% and consensus expectations of 2.8%, according to official data released today. This modest increase suggests a subtle cooling in the Swiss labor market, as the actual figure edged past both forecasts and September’s reading. While Switzerland still boasts one of Europe’s lowest unemployment rates, the uptick could indicate emerging pressures, prompting policymakers and investors to keep a close watch on upcoming economic indicators for further signs of change.
