The increase in unemployment to relatively high levels for Switzerland in the 1990s gave rise to two fears: First, that economic growth no longer has any effect on employment (jobless growth), and second, that the equilibrium rate of unemployment, i.e. the rate of employment that prevails even...

The increase in unemployment to relatively high levels for Switzerland in the 1990s gave rise to two fears: First, that economic growth no longer has any effect on employment ("jobless growth"), and second, that the "equilibrium" rate of unemployment, i.e. the rate of employment that prevails...