Employment in Switzerland fell in Q1 2021 for the fourth consecutive time – but outlook is positive

In the 1st quarter 2021, total employment (number of jobs) fell for the fourth time in a row compared with the same quarter a year earlier (–0.6 %; –0.2 % compared with previous quarter). In full-time equivalents, employment in the same period declined by 0.7 %. There are, however, signs of improvement in the employment situation: The Swiss economy counted 4000 more vacancies than in the corresponding quarter of the previous year (+6.0 %) and the employment outlook indicator is also indicating an upward trend (+2.6 %). These are some of the latest findings from the Federal Statistical Office (FSO).