According to data from the State Secretariat for Economic Affairs (SECO), 106,957 people were registered as unemployed at the end of April 2024, 1,636 (-1.5%) fewer than the previous month, taking the rate from 2.4% to 2.3%. However, unemployment remained higher (+0.3 percentage points) than it was at the same time in 2023. At the […]
Bumper season for Swiss mountain lift companies
The recent winter season was positive for Switzerland’s mountain resort lift operators. However, the picture was mixed with low altitude resorts missing out on much of the joy, reported Switzerland’s mountain lift association this week. By the end of April 2024, the number of first-time visitors to Swiss ski areas overall was up 3% compared […]
Swiss police firearm use lowest in 14 years
Switzerland’s police carry guns but rarely use them. In 2023, firearms were used only twice, the lowest number in 14 years, reported CCPCS, an organisation that connects cantonal police forces. The use of police force is always based on the principle of proportionality, said the organisation. The use of firearms is only permitted as a […]
Migration between Swiss cantons – gainers and losers
The population is growing exceptionally fast in Switzerland. The nation draws many migrants from the EU and takes in proportionally high numbers of refugees. Over the last 20 years, the nation’s population has risen by 20%, far more than in France (10%), Austria (12%), Italy (3%) and Germany (2%) over the same period. In addition […]
Sharp rise in racism in Swiss schools
The number of incidents of discrimination reported in Switzerland jumped 24% to 876 cases in 2023, according to a report published by a human rights organisation helping victims of harassment and discrimination. Of the total, roughly half involved expressions of discrimination and the rest discriminatory treatment. The most common place these events occured was at […]
Might record snow levels increase Swiss flood risk?
Winter and recent spring snowfalls have brought record amounts of snow to Switzerland. Experts ponder whether this could lead to floods as it did in 1999. Snowfall in Switzerland this winter was contrasted by altitude. Down low (below 2,000m) there was significant rain, leaving many low altitude ski resorts short of snow. However, above 2,000m […]
Commission wants to postpone pension hike funding question
After the successful vote to raise Swiss state pensions by one twelfth (a 13th month payment), the question of how to fund the extra CHF 4.2 billion a year required has been preoccupying many in Bern. This week, a parliamentary commission voted 13 versus 12 to postpone the question and to tackle it later during […]
Swiss house prices fall in the first quarter of 2024
After increasing for three quarters in a row, residential property prices in Switzerland fell during the first quarter of 2024, according to data from the Federal Statistical Office (FSO). The Swiss residential property price index (IMPI) fell by 1.0% in the period from January to March 2024. At the same time prices remained 1.5% higher than they […]
Inflation returns to Switzerland in April
Consumer prices in Switzerland increased by 0.316% in April 2024, rising 1.4% over the previous 12 months, reported Switzerland’s Federal Statistical Office (FSO) this week. However, annualised, the monthly rate comes to 3.79%, a rate well above the Swiss National Bank’s (SNB) preferred maximum of 2%. April’s 0.3% monthly price increase was driven by several […]
Swiss National Bank profits bounce back to record level
This week, the Swiss National Bank (SNB) announced a record quarterly profit for the first quarter of 2024. The result was largely predicted after the SNB made a surprise interest rate cut, which led to a weaker Swiss Franc. Switzerland’s central bank is unusual. It is privately owned (mainly by a German citizen) but distributes […]
