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Recruitment firms in Switzerland saw improved market conditions in April as new statistics show that temporary agency work grew by +2.6% in the month when compared to a year ago. This is according to the Swiss federation of staffing companies (Swiss Staffing).
The Swiss staffing industry fluctuated last year and only returned to growth towards the end of 2012, which saw an overall market decline in 2012. Since the beginning of 2013, the average growth rate in the sector has remained negative, noting a -1.9% decline.
“The small recovery seen in April corresponds to the unemployment rate which dropped to 3.2% from 3.1% in the prior month,” the federation said. “But it is too early to read a general trend into this.”
The federation added that the Swiss Economic Institute (KFO) is expecting little dynamic growth with forecasts expecting next to no change regarding the employment situation in the country. “The private economy has lost some of its momentum, according to a survey by the KFO, but businesses are expected to pick up in the next six months,” Swiss Staffing said.
Compared to other European countries, the Swiss market decline is relatively small. France, for instance, has been badly hit by a slowdown in the recruitment sector. Staffing Industry Analysts’ forecasts for the European recruitment market show a mixed picture with most countries expected to moderately grow in 2013, including Switzerland.