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Swiss Full-Time Employment Drops in Q2

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A quarterly report from the Federal Statistics Office in Switzerland noted a rapid decline in full-time employees working in the Swiss economy . First quarter data had full-time employment at 4.11M, and expectations were for zero change in that figure for the second quarter. The results were harrowing.

A decline from last quarter's 4.11M to a second quarter reading of 2.77M revealed a sizeable dip in employment across the Swiss economy. The data has so far tangled the Swiss franc (CHF) up in a foray for direction, marring its growth with visible swings of value today. Employment tends to be one of the strongest corollaries to a nation's economic growth, making this figure ominous in its implications for the next few months in Switzerland.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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