Switzerland’s job market vacancies increased by 5% in Q2 2023 compared to Q2 last year, according to the Adecco Group Swiss Job Market Index and the University of Zurich’s Swiss Job Market Monitor.
 
Whereas on a quarterly basis, the Index revealed zero growth.
 
“While the experts from the State Secretariat for Economic Affairs predicted a below-average development of the Swiss economy in 2023, many companies are continuing to complain about a lack of workers. This appears to be supporting demand for skilled workers despite the economic downturn and has so far prevented any negative developments in the Swiss job market,” said Marcel Keller, country president Adecco Group Switzerland.
 
Both Latin-speaking (French and Italian-speaking) and German-speaking Switzerland have reported optimistic developments within the job market over the quarter, compared to the same three months last year. 
 
Latin-speaking Switzerland, with 11% growth, surpassed German-speaking Switzerland which registered just 4% growth in the job market in the second quarter.
 
Although the job market in German-speaking Switzerland witnessed a constant level of growth and hit an all-time high at the end of last year, growth was more volatile in Latin-speaking Switzerland.  After reaching a record high at the beginning of last year, the jobs market in Latin-speaking Switzerland experienced a decline in mid-2022 before staging a recovery towards the end of the year.
 
Furthermore, when comparing the first six months of this year to the same period in 2022, eight out of the 14 occupational groups revealed higher-than-average growth in the first half of 2023. 
 
Growth was fuelled by skilled construction and development personnel, with 20% growth. In contrast, the sharpest fall was witnessed in academic computer science professionals, with -20%.