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Swiss job market cools further, Adecco index shows

Swiss job market cools further, Adecco index shows

July 10, 2024
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The Swiss job market cooled further in the second quarter, according to the Adecco Group Swiss Job Market Index released 10 July.

Job vacancies fell by 11% year over year in the second quarter.

“The job market is cooling more and more. Not only are job vacancies declining, the unemployment figure has also increased by over 17,000 people compared to the previous year,” Marcel Keller, country president Adecco Group Switzerland, said in a press release. “Furthermore, the number of companies complaining about recruitment issues has decreased. As a result, it is once again becoming harder for workers to find jobs.”

German-speaking Switzerland saw job vacancies fall by 12% year over year in the second quarter, while Latin Switzerland saw job vacancies fall by 8%.

Adecco noted the trend varies by professional group. The decline in job vacancies for office specialists was particularly noteworthy. This group includes data collectors, telephone operators and office assistants, and the number of vacancies is down 20% from the first half of last year.

Job vacancies for graduate IT professions fell by 19% compared to the first half of 2023.

Adecco noted construction and development specialists saw an increase in job vacancies of 10% compared to the first half of 2024. This group includes painters, plumbers and electricians.

“At the beginning of 2023, the volume of orders reached its peak in the construction industry,” Yanik Kipfer, Swiss job market monitor, said in a press release. “This volume of orders accumulated by construction companies is helping to slightly cushion the impact of the cooling business environment and also appears to be sustaining the demand for construction specialists. The situation is different for graduate and office professions. Many of these professions are usually sought after in sectors that are currently facing difficulties, such as in industry.”