Swiss jobless rate at 3.0%

Thursday, 8 September 2011 11:14

Swiss Jobless rate was released earlier today with results in line of economists' expectations.  At 3.0%, the unemployment rate in August matched the July release.

This indicator measures the percentage total work force that is unemployed and actively seeking employment during the previous month.

The swiss franc was fiddled with when Switzerland decided their currency was too strong. therefore menacing to the economy.  After the change of 1 EUR = 1.20 CHF, the EURCHF is trading a little higher, at 1.2122.