The Swiss unemployment rate edged down to a non-seasonally adjusted 2.7 percent in February 2019 from a ten-month high of 2.8 percent in the previous month, as the number of unemployed fell. Unemployment Rate in Switzerland averaged 3.26 percent from 1995 until 2019, reaching an all time high of 5.70 percent in January of 1997 and a record low of 1.50 percent in May of 2001.

Unemployment Rate in Switzerland is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Switzerland to stand at 3.00 in 12 months time. In the long-term, the Switzerland Unemployment Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

Switzerland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-10 06:45 AM Unemployment Rate 2.5% 2.4% 2.5%
2019-01-08 06:45 AM Unemployment Rate 2.7% 2.5% 2.50%
2019-02-08 06:45 AM Unemployment Rate 2.8% 2.7% 2.4%
2019-03-07 06:45 AM Unemployment Rate 2.7% 2.8% 2.7% 2.7%
2019-04-09 05:45 AM Unemployment Rate 2.7% 2.5%
2019-05-08 05:45 AM Unemployment Rate 2.3%
2019-06-07 05:45 AM Unemployment Rate 2.4%



Swiss Jobless Rate Inches Lower to 2.7% in February

The Swiss unemployment rate edged down to a non-seasonally adjusted 2.7 percent in February 2019 from a ten-month high of 2.8 percent in the previous month, as the number of unemployed fell.

The number of unemployed people declined by 4,489 from the previous month, or 3.6 percent, to 119,473 in February. Compared to the same month a year earlier, unemployment fell by 24,457, or 17.0 percent. Also, the number of jobseekers decreased by 3,053, or 1.5 percent, to 197,072; and dropped by 11,545 year-on-year, or 5.5 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was down to 2.3 percent in February from 2.4 percent a month earlier, with the number of young unemployed declining by 684, or 5.1 percent, to 12,779. Compared to February 2018, it decreased by 3,012 people, or 19.1 percent.

When adjusted for seasonal factors, the unemployment rate stood at 2.4 percent in February, unchanged from the previous month.


SECO | Rida Husna | rida@tradingeconomics.com
3/7/2019 9:43:13 AM



Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.70 2.80 5.70 1.50 percent [+]
Employed Persons 5080.00 5046.00 5080.00 3242.00 Thousand [+]
Unemployed Persons 119473.00 123962.00 206291.00 26.00 [+]
Productivity 103.70 104.72 104.72 77.83 Index Points [+]
Job Vacancies 35738.00 33488.00 36850.00 6062.00 [+]
Wages 6260.00 6235.00 6260.00 5082.00 CHF/Month [+]
Wages in Manufacturing 113.10 113.20 113.20 100.00 Index Points [+]
Population 8.48 8.42 8.48 5.30 Million [+]
Retirement Age Women 64.00 64.00 64.00 63.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wage Growth 0.50 0.80 7.80 0.10 percent [+]
Youth Unemployment Rate 2.30 2.40 5.70 1.40 percent [+]
Job Offers 72133.00 73674.00 78215.00 29043.00 [+]
Labor Force Participation Rate 68.50 68.40 68.80 66.80 percent [+]
Long Term Unemployment Rate 1.50 1.80 2.00 1.40 percent [+]
Non Farm Payrolls 5068.00 5070.00 5070.00 3841.00 Thousand [+]
Part Time Employment 1668.80 1699.40 1699.40 1064.50 Thousand [+]
Employment Change 0.50 0.30 1.20 -0.60 percent [+]
Employment Rate 80.50 79.90 81.30 76.90 percent [+]
Full Time Employment 2841.10 2776.40 2841.10 2628.90 Thousand [+]


Switzerland Unemployment Rate

In Switzerland, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Switzerland Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.80 5.70 1.50 1995 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.00 Jan/19
Italy 10.50 Jan/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Jan/19
India 6.10 Dec/18
Saudi Arabia 6.00 Sep/18
Canada 5.80 Feb/19
Indonesia 5.34 Sep/18
Australia 4.90 Feb/19
Russia 4.90 Feb/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Feb/19
South Korea 3.70 Feb/19
Mexico 3.60 Jan/19
Netherlands 3.40 Feb/19
Germany 3.20 Jan/19
Switzerland 2.70 Feb/19
Japan 2.50 Jan/19
Singapore 2.20 Dec/18


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