July 2020 Covid-19 Unemployment Rate and Impact on Switzerland

Inform others and share

Share on facebook
Share on twitter
Share on linkedin

08.08.2020 – ZURICH

The Corona crisis and the full impact of the COVID-19 pandemic continues to dominate the Swiss labour market as unemployment remains well above 2019 figures for the summer of 2019. 

Job seekers are seeing some movement with new hiring increasing in July above the number hired in June. The recorded unemployment for July 2020 was a total of 148,870 people who were out of work. This compares to 97,578 registered unemployed for July 2019. 

That number is 1419 fewer than in June and “Kurzarbeit” (Swiss government supported employment scheme for short-time working) has enabled many to keep their jobs for the moment. 

The unemployment rate remains close to 3.2% which is still better than predicted during the height of the pandemic in April and May.

Zurich has a problem, just like elsewhere in Switzerland because the unemployment issue affects the over-45s and the young disproportionately. Youngsters leaving school seeking an apprenticeship are struggling to find one, in 2019 it was easier and school-leavers are also struggling. In 2019 unemployment for the young was almost half with only c.300 young adults without work. 

The government states for the over-50 age group do not paint a rosy picture, the reality, ageism for employment starts in Switzerland at 45. Not all people are registered either because of long-term unemployment and having not found a job within the RAV insurance support period. In July 39,530 registered over 50 aged people were unemployed. Compared to July 2019, the number today is over 40% higher. 

Geneva canton has the biggest challenge, they have the highest unemployment rate, 5.1% which means for the working population, every 20th person is unemployed. 

Employers operating close to the border are under pressure to cap wages because of the appreciation of the Swiss Franc against the Euro, a good number reduced their contracting staff numbers and many across Switzerland are considering the “gig economy” for short-term flexible employment needs. 

This does not bode well for many job seekers or those employed in companies known to be struggling even before the COVID-19 pandemic struck.


Zürich Networking Group LinkedIn Profile

2020 LinkedIn Zürich Networking Group Information

Contents LinkedIn 2020 Group Update The last Zürich Networking Group  update was done in 2018 so we thought it about time to share with members the latest figures. Growth in 2019 and early 2020 has been slow and careful.  This is a deliberate policy to validate new member requests and keeps the LinkedIn group acceptances

Read More »
April 2020 Zurich Switzerland Coronavirus Covid -19

April 2020 Covid-19 Coronavirus Zurich Switzerland In English

Page structure -Top table of contents – Weekly breakdown with any daily highlight. Bottom table of contents all links to daily content Key Contents – Weekly highlights with all links in contents list at base of page April 2020 Zurich Switzerland covid-19 coronavirus Federal and local updates Switzerland – Coronavirus infoline +41 58 463 00

Read More »
Zurich Networking Group In The Loop Podcast Member Episodes

Episode 2 – Navigating Corona Times More Comfortably

Guest Speaker Personal Bio Michael Simmonds With a PhD in Chemistry and 20 years of in-depth practical experience at the intersection of technical, marketing and finance, Michael is well aware of the desire for skilled professionals to feel appreciated for their talents. Combining certifications in Life Coaching and the Emotion Code he helps individuals play

Read More »