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Switzerland – Market conditions worsen in March

16 April 2013

Recruitment firms in Switzerland saw weakened market conditions in March as new statistics show that temporary agency work contracted by -5.9% when compared to a year ago. This is according to the Swiss federation of staffing companies (Swiss Staffing).

The annual decline is not inconsistent with trading conditions in other Western European markets. But temporary agency work also declined compared with February 2013. According to the Swiss Federation, this month-on-month trend “is unusual and could be attributed to the weather conditions, much colder than expected for this time of year, and as a result the construction sector came to a halt.”

March unemployment in Switzerland meanwhile fell to 3.2% from 3.4% in February, according to the latest employment statistics released by the State Secretariat of Economic Affairs (Seco) last week. “This is encouraging news”, according to Swiss Staffing, “the Seco’s figures suggest there is a chance the economy will pick up during the course of the year, or in 2014 at the latest.”

Staffing Industry Analysts’ expects the European recruitment market to show a mixed picture this year with most countries forecast to moderately grow in 2013, including Switzerland.

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