As per the investigations by the State Secretariat for Economic Affairs (SECO), there were 119k unemployed persons in the Regional Employment Centers (RAV) at the end of February 2019. By the way, it’s 4,489 less than in the previous month.

The unemployment rate fell from3% in January 2018 to 2.4% in the month under review. It’s a great improvement in the labor sector which is very likely to keep the CHF pairs supported.