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Switzerland – Unexpected good news for staffing firms

13 December 2012

It may have taken a while, but the good news has finally arrived: the Swiss staffing market has shown growth of +4.2% in November, following months of decline that has also affected other European markets.

In October, temporary billings increased by +5.7%, the first clear sign that a recovery may be on its way.

“The recovery is coming at an unexpected time when the economy is losing its momentum and unemployment is on the rise,” said Swiss Staffing, the organisation publishing the monthly data on temporary staffing.

The average growth rate since the beginning of the year regarding agency employment is still in the minus at a growth rate of -4%. But Swiss Staffing said that 2012 had overall been a “very good year” for the staffing industry in the country.

Overall the Swiss labour market has seen signs of a slowdown. Unemployment in November crept up to 3.1% from 2.9% in October. Switzerland’s 2013 GDP growth forecast has been cut by the government to 1.3% from a previous estimate of 1.4%.

A report today by the Swiss State Secretariat for Economic Affairs said: “Providing the sovereign debt crisis in the Euro region re-mains under control and the global economy gradually returns to a firmer footing, the Swiss economy could regain momentum during the next two years.”

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