Inflation, the war in Ukraine, the heat wave... These are all subjects that deserve our attention. What about the job market in these turbulent times?
The unemployment rate.
Unemployment in Switzerland remains particularly low compared to neighboring European countries. With around 186,000 unemployed (source: Federal Statistical Office), the rate stood at 3.7% of the working population in the second quarter of this year.
Is it better than in 2022 over the same period? Yes, a decrease of 0.4% was observed.
Who is most affected by unemployment? Unsurprisingly, women are more impacted, as well as foreigners and young people under the age of 25.
On a positive note, the number of people without long-term employment, i.e. one year or more, is falling to around 86,000 people in Switzerland.
The job market
Robust is the term used to describe the Swiss labor market.
As the winter was relatively mild, an energy crisis was narrowly averted, keeping the economy as a whole healthy.
The number of open positions; Demand for labor remained stable in the first half of the year despite a difficult global economy.
The new professions
Technology continues to play a central role in changing the skills required to land a job.
Even though demand remains solid in the industrial sector, particularly for technical and manual positions, new professions are emerging and are inspired by the societal and economic trends observed in recent years.
We can mention new professions in the energy sector, in the environmental technologies sectors or in medical ethics and legislation.
Sales functions are not new but are on the rise, especially in pharma and IT. This is an encouraging factor because the investment of resources in these positions demonstrates confidence in the economy and the future of the companies concerned.
Languages!
Recent studies indicate a clear advantage for jobseekers who can express themselves in several languages.
German goes far beyond a second language required in job postings; As some offers only appear in German even for a position in French-speaking Switzerland, the message is clear...
This is followed by English, French in German-speaking Switzerland and, to a lesser extent, Italian.
Do you want to increase your chances of being hired? Sprechen Sie Deutsch? Do you speak English? Nein? No? It's time to get started!
This factor is not to be underestimated, it represents more than a third of the offers published in 2022.
And what about AI?
Workers, drivers, cashiers... Here are a few jobs that are already suffering from automation. The replacement of these professionals will undoubtedly continue in the coming years with the continued development of AI and its cross-cutting applications.
White-collar workers will also be affected. Banks are particularly active in the management of funds and investments. New technologies, increasingly powerful algorithms and AI are already replacing part of human resources, which are overtaken by the speed and precision of administrative processing and operations.
A point of attention is currently being raised regarding the ethical nature of CEW. Whether it is for recruitment, the unconscious biases encoded in algorithms and the obvious questions around data security and the freedom of action of machines, the authorities, especially in Europe, are looking into the establishment of rules and laws to be respected during the deployment and use of this technology.
Still, there's reason to be optimistic too.
You don't get rid of a human so easily!
The health sector, education, scientific professions, communication professionals... Although strongly influenced by IT platforms and new technological tools, they are expected to benefit from growth in the jobs on offer.
The same applies, of course, to IT and digital professions.
AI will become an essential partner in these positions, so profiles with technology skills, knowing how to communicate in different languages... should stand out from the crowd and start a great career.
So grab your keyboards! No, it's outdated. To your smartphones! Doesn't it get any better? OK, it's time for me to educate myself too!
Your insurance
No one is immune to an unpleasant surprise. The market is robust, and the unemployment rate is low, but a job is never guaranteed.
So remember to protect yourself against possible risks by subscribing to job loss insurance.
To find out more, simply visit the Milenia platform.
This will allow you to compensate for a loss of income during your period of inactivity and thus maintain your purchasing power at the same level as before while you learn a second language while applying for the position in medical ethics that requires a master's degree in coding.
All you have to do is get started!
Your partner
The Milenia team is at your disposal. Whether you're working or looking for a job, your projects don't wait.
Do you need to finance a purchase? Do you have to deal with the unexpected? An opportunity arises and you want to seize it but you lack the funds?
Contact us. We will be able to draw up your personal loan file in order to put all the chances of acceptance on your side!
Does it take time? On the contrary, it's lightning fast.
It's complicated? Simplicity is one of our values. That says it all.
Is it expensive? Not a franc. In fact, if you are asked to pay an application fee or an administrative fee, run away and come and see us.
With us, you won't have to pay a cent, our charges are covered by our banking partners, not our customers.
We don't just do credit!
Although we are part of the leading credit player in Switzerland, our services extend beyond that.
Unemployment insurance , cleaning your credit data in official databases, credit cards... Our solutions are innovative, simple and effective.
Still not convinced?
Contact one of our advisors and you'll see for yourself.
It's non-binding and it's free!