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The Swiss temporary staffing market appears to be on the route to recovery as the decline in activities is starting to ease, new research reveals. In June, the Swiss temporary employment volume was still in the minus at -4.6% when compared to a year ago but this rate has seen a clear improvement from April’s low.
It looks like the market is stabilising, according to the swisstempindex, which monitors trends in temporary staffing in the country and is published by Switzerland’s federation of staffing agencies (Swiss Staffing).
The association said that developments in temporary agency employment reflected the economic growth rate of the country, matching average production rates from the previous two years.
The research also shows that the average growth rate in June beats the one the country has seen since the beginning of the year, which floats around -8%. Hence the latest trends are welcome news after May’s figures already indicated that the temporary labour market was gaining ground.
In June, the overall Swiss labour market showed some further signs of improvement as seasonally adjusted unemployment dropped unexpectedly to 2.9%, the Swiss statistics office SECO said last week.