The Swiss labor market is absorbing a stronger external shock than its European neighbors.
A significant increase in a context where US tariffs of 39% on Swiss products, among other factors, are weighing on the labor market. This acceleration is all the more significant because, within the European Union, the unemployment rate also increased in the third quarter, but much more slightly, rising from 5.8% to 5.9%, and from 6.2% to 6.3% in the euro area.
For employed professionals and job seekers, this differential signals increased pressure on certain Swiss export sectors, which should be monitored closely in the coming months.