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Agency temporary employment fell by -7.4% in July 2012 when compared with July 2011 according to the latest Swisstemptrend published by the Swiss Union for Employment Services (Swissstaffing). The Swiss staffing industry has been declining for ten months in row since September 2011.
Swissstaffing comments in a statement "although the decline is led by the slump in temporary work activity from the Services and Catering and hospitality sectors; other sectors such as Constructions and Civil engineering are still seeing strong growth", and adding "we have seen a steady decline in the number of accidents involving temporary workers. This tells us that the duration of assignments is getting longer overall. We believe the Swiss temporary market will decline by -5% overall in 2012, compared with 2011."
The figures come after State Secretariat for Economic Affairs (SECO) reported earlier this month that consumer confidence deteriorated between April and July. The index, calculated on the basis of a quarterly survey, reached -17 points in July 2012 (compared with -8 in April). This fall in consumer confidence is attributable to the more pessimistic expectations with regard to future economic development. Together with an anticipated more pronounced rise in unemployment, which was 2.7% in July (no change from June) currently the lowest rate in Europe.
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