In Switzerland, the outlook for employment has improved slightly. The indicator from the KOF economic research centre at the federal technology institute ETH Zurich shows job gains in the construction industry and the services sector. + Get the most important news from Switzerland in your inbox The employment indicator stood at 0.7 points in the fourth quarter, the KOF institute said on Monday. In the third quarter of 2025, it was still at -0.6 (revised from +0.3). The increase of 1.3 points was achieved despite the introduction of US tariffs of 39% on Swiss goods. After a prolonged phase of declining values, the indicator points to a slight improvement in employment prospects for the first time in three years, said the KOF. Overall, however, the recovery in the labour market remains modest and is due in particular to the construction industry and the service sector. Unusually high revision of previous quarter’s figure According to the KOF, the revision of the value from the …