Labor market Fewer job advertisements due to weaker economy
The weakening economy had a clear impact on the Swiss labor market in 2024. According to recruitment agency Adecco, the number of job vacancies fell by 10 percent compared to the previous year.
22.01.2025, 07:36
SDA
This is the first negative annual result since the coronavirus pandemic, according to a press release issued on Wednesday. The decline accelerated towards the end of last year. In the last quarter of the year, 13 percent fewer advertisements were placed than in the same period of the previous year.
According to the information, the occupational group "mathematics, IT, natural sciences, technology" and specialists in the healthcare sector were particularly affected, with a drop of 19 percent in each case.
In regional terms, the Zurich region recorded the sharpest decline with 15 percent fewer vacancies, followed by the Espace Mittelland with a drop of 14 percent.
The general weakness of the job market is attributed to the poor European economy and the strong Swiss franc.
The Adecco Group Swiss Job Market Index is reportedly compiled in collaboration with the Swiss Job Market Monitor (SMM) of the Sociological Institute of the University of Zurich. The index measures the development of job vacancies on online job portals and company websites.
