Unemployment in the Credit Suisse Worry Barometer
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Unemployment in the Credit Suisse Worry Barometer

In September, the publication "Swiss Compass – A Look at Our Political Future through the Credit Suisse Worry Barometer" focuses on the issue of unemployment. In two articles Jean Christophe Schwaab and Valentin Vogt examine the reason for this longtime primary worry among Swiss voters.

For more than ten years now, unemployment has been the issue which most concerns the Swiss people. A long-term comparison shows that this concern correlates strongly with the actual unemployment rate. However, the fear of losing one's own job is much less pronounced: In 2014, only 7 percent of people were afraid that they might lose their job in the following year.

After four years in which concerns about unemployment had declined steadily despite gloomy economic prospects, the trend reversed in 2014 and these concerns have now risen significantly for the first time since 2010.

Problem Awareness Trend 1996-2014

1 Unemployment (up to 2008) - Unemployment / Youth Unemployment (2009 onwards) Source: gfs.bern (2014). 2014 Credit Suisse Worry Barometer: Final Report

In the following guest articles (see box with link to PDF), Jean Christophe Schwaab, SP National Councillor and member of the Board of Directors of the Swiss Bank Employees Association, and Valentin Vogt, President of the Confederation of Swiss Employers, discuss this subject. They examine the question of what social status work enjoys and what stimuli for politics and the economy can be derived from this.