Switzerland August unemployment rate 3.3% vs 3.3% expected

Latest data released by the Federal Statistics Office - 9 September 2020

• Prior 3.2%
• Seasonally adjusted unemployment rate 3.4% vs 3.4% expected
• Prior 3.3%; revised to 3.4%

A slight tick higher in the Swiss jobless rate with the seasonally adjusted rate keeping steadier after the July revision. The furlough scheme is masking a lot of the true impact to labour market conditions, similar to elsewhere, so it is tough to read much into this.