Switzerland May unemployment rate 2.3% vs 2.3% expected

Latest data released by SECO - 7 June 2019

• Prior 2.4%
• Seasonally adjusted unemployment rate 2.4% vs 2.4% expected
• Prior 2.4%

Labour market conditions continue to hold tight as the seasonally adjusted rate continues to remain at its lowest since 2002. But once again, the SNB would've definitely hoped for this translating to sustainable inflationary pressures - which it hasn't.