Switzerland's seasonally adjusted unemployment rate increased to 3.3% in March from 3.1% recorded in February, the State Secretariat for Economic Affairs, or SECO, said Thursday. The jobless rate matched economists' expectations.

On an unadjusted basis, the rate of unemployment in March remained at the level seen in February, 3.4%, while the consensus forecast was for an increase to 3.5%.

Youth unemployment increased 76 persons from February to 22,128. It showed an annual increase of 38.5%. Registered job seekers in March amounted to 191,992 people, an increase of 5,719 from the previous month.

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