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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland Employment Level QoQ climbed to 4.15M in Q2 2013
FMPMonthlyReleased May 2013
Switzerland Employment Level QoQ climbed to 4.15M in Q2 2013, up 0.03M from April's 4.12M reading.
Latest Release
4.150000
Actual
—
Consensus
4.120000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Bullish CHF | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Bullish CHF | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Bullish CHF | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Employment Level QoQ (Switzerland) was reported at 4.15 million in May 2013. The reading rose from the previous value of 4.12 million. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Jun 23) and KOF Leading Indicators (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update May 2013.
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Employment Level QoQ - CH
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About Employment Level QoQ — Switzerland
DEFINITION
Employment Level QoQ (Quarter-over-Quarter) is a financial indicator that measures the change in the number of employed individuals during a specific quarter compared to the previous quarter. It provides valuable insights into the current state of the job market and can be used to assess the overall health of the economy. A positive QoQ change indicates an increase in employment, while a negative change suggests a decline. This indicator is commonly used by economists, investors, and policymakers to make informed decisions and projections about the labor market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2013): actual 4.15 M.
WHAT'S NEXT
This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.