Graduates are more likely to find employment in their first year after graduation than in the majority of other countries.
According to the Swiss Federal Statistical Office (FSO), just one in ten graduates with an education degree were affected by this circumstance.
According to ILO definition, the Federal Statistical Office’s Graduate Survey found that in 2021, these rates decreased as the unemployment rate of graduates was 2.6%, which is 0.7 percentage points lower than the employment rates of 2018 graduates in 2019.
A further FSO poll reveals that most respondents cited the COVID-19 epidemic as the primary factor impacting their economic status, with a moderate proportion of Swiss graduates admitting to fearing job loss in 2021.
The data given by FSO indicates that approximately 93% of Swiss students can find jobs that match their education and field of study, with the majority employed one year after graduation. Before completing their programs, vocational training students are already employed.
In 2021, despite Switzerland’s well-developed higher education system, the number of students elected to pursue continuing education decreased. FSO figures indicate that roughly 45 per cent of the Swiss population participated in continuing education over the last year, 17 per cent fewer graduates than in the 2016 poll.
The State Secretariat for Migration (SEM) has also revealed that employment rates among Swiss nationals have declined significantly compared to pre-pandemic levels, while the number of open jobs in the country has reached an all-time high.
Seco, the State Secretariat for Economic Affairs, has also divulged additional information regarding the rising employment rates in Switzerland. In 2021, the unemployment rate in the country will be just 2%, with the influx of immigrant and seasonal workers being the primary reason for this positive trend.
“This is to be interpreted in light of the strong economic development following the removal of pandemic-related measures and the corresponding rise in labor demand,” SEM says in a press statement.
Erudera, the world’s first AI-powered education search tool, discloses that international students in Switzerland are permitted to work and study concurrently, so long as certain standards and constraints on working hours are followed. EU/EFTA citizens are the only ones permitted to work in the country six months after arrival.