The case

There is no other country in which prospects of employment are as good as they are in Switzerland. Forecasts suggest that by 2025 approximately 270,000 new jobs might be created on a macroeconomic level.

Source: Blick (Manpower)

The commentary

The Swiss job market is more dynamic than the ones of many other European countries, a fact shown by the employment outlook for the third quarter drawn up by the recruitment agency Manpower. 54 % of Switzerland’s companies intend to increase their number of staff in the third quarter of 2024 though one must add that at the same time 20 % of the companies plan on reducing staffing levels, but this still results in a net employment outlook of + 34 %. The driving force is, among other factors, the energy and utilities sector where 66 % of the enterprises plan to increase their staff in the coming months. When Swiss voters said yes to the Electricity act, they paved the way for investments in the energy sector, especially for renewable energy sources.

The growth of the job market is driven by medium-sized companies; smaller firms are faced with the fact that even if they want to augment their staffing level, many of the newly created jobs might remain unfilled. Switzerland’s level of unemployment hovers around 2.3%, and the Swiss industry has been suffering from a shortage of skilled workers.

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