id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-298871-g7mqsbct	Sheldon, George	Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective	2020-08-18		.txt	text/plain	5708	281	54	Accordingly, the State Secretariat for Economic Affairs currently expects the unemployment rate to average 4.1% in the coming year, eventually reaching 7% if the shutdown persists, and this despite the fact that over a quarter of the employed are presently working short time to avoid unemployment. In other words, they correspond to the unemployment rate and the share of long-term unemployed that the risk and duration of unemployment prevailing in a given calendar month imply stochastically in a steady state, i.e., in the longer term. The curves in Fig. 3 imply that, based on the risk and expected duration of unemployment prevailing in June 2020, the seasonally adjusted unemployment rate of 3.7% at the end of June will exceed 6% in 5 months, a level that the indicator last reached in the early 1990s.	./cache/cord-298871-g7mqsbct.txt	./txt/cord-298871-g7mqsbct.txt