October 7, 2025|
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|about 2 months agoUS Tariffs Impact Swiss Labor Market as Unemployment Holds at 2.8%
Swiss unemployment remains steady at 2.8% despite growing pressure from US tariffs affecting export-oriented industries, particularly pharmaceuticals and watchmaking sectors.
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Generated IllustrationKey Takeaways
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- Swiss unemployment rate held steady at 2.8% in September, unchanged from August.
- 19,000 jobs in export-heavy sectors could be lost by 2026 due to US tariffs.
- The number of unemployed persons rose by 17.7% compared to the same month last year.
- Obwalden has the highest job vacancy rate with 33.66 advertised positions per 1,000 residents.
- Nursing professionals are the most in-demand profession with 5,735 open positions.
By The Numbers
2.8%
Unemployment Rate
133,233
Total Unemployed
39%
US Tariff Rate
17.7%
Year-over-Year Unemployment Increase
They Said
"Although many companies severely affected by the US tariff shock are temporarily allowed to implement short-time work, an increase in unemployment is to be expected in the coming quarters."