Swiss jobless rate stays unchanged in November

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Source: RTTNews
The data released by the State of Secretariat for Economic Affairs showed Swiss jobless rate stayed unchanged in November after advancing marginally the month before. The seasonally adjusted unemployment rate was at 3% staying in line with analysts' forecasts. The rate increased from 2.9% in October to 3.1% in November on adjusted basis.  The number of people registered as jobless rose from 125,536 in October to 132,067 the following month, edging higher by 5.2%. The number of jobless people rallied 9% on annual basis.
"The Swiss economy will have to get used to a weaker economic momentum," said VP Bank economist Bernd Hartmann. "There is a lack of fresh impulses in the shape of investments despite record low interest rates."


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Thu, 06 Dec 2012 17:28:12 GMT

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FTSE

European shares gained on rising optimism the U.S. lawmakers will reach consensus on the new budget. However, ECB forecasts for 2013 might be a threat for the stock market, as Draghi said he expects a slowdown in the pace of economic growth in the Eurozone next year. The ECB left the interest rate unchanged a record low level of 0.75%.

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