The Swiss unemployment rate rose to a non-seasonally adjusted 2.7 percent in December 2018 from 2.5 percent in the previous month. It was the highest jobless rate since April as the number of unemployed rose markedly. When adjusted for seasonal factors, the unemployment rate stood at 2.4 percent, unchanged from the previous month. Unemployment Rate in Switzerland averaged 3.26 percent from 1995 until 2018, 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 3.20 percent in 2020, according to our econometric models.

Switzerland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-08 05:45 AM Unemployment Rate 2.4% 2.4% 2.4% 2.3%
2018-11-08 06:45 AM Unemployment Rate 2.4% 2.4% 2.4% 2.4%
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 2.7% 2.40%
2019-03-07 06:45 AM Unemployment Rate 2.40%
2019-04-09 05:45 AM Unemployment Rate 2.50%



Swiss Jobless Rate Rises to 8-Month High

The Swiss unemployment rate rose to a non-seasonally adjusted 2.7 percent in December 2018 from 2.5 percent in the previous month. It was the highest jobless rate since April as the number of unemployed rose markedly.

The number of unemployed people rose by 9,187 from the previous month, or 8.3 percent, to 119,661 in December. Compared to the same month a year earlier, unemployment fell by 26,993, or 18.4 percent.
Also, the number of jobseekers went up by 7,738, or 4.1 percent, to 197,950; but dropped by 14,068 year-on-year, or 6.6 percent. 
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was unchanged at 2.4 percent in December, with the number of young unemployed rising by 152, or 1.2 percent, to 13,172. Compared to December 2017, it decreased by 3,508 people, or 21.0 percent. 
When adjusted for seasonal factors, the unemployment rate stood at 2.4 percent in December, unchanged from the previous month.


SECO | Rida | rida@tradingeconomics.com
1/8/2019 12:02:17 PM



Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.70 2.50 5.70 1.50 percent [+]
Employed Persons 5080.00 5046.00 5080.00 3242.00 Thousand [+]
Unemployed Persons 119661.00 110474.00 206291.00 26.00 [+]
Productivity 103.70 104.72 104.72 77.83 Index Points [+]
Job Vacancies 33203.00 31047.00 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 0.80 0.80 7.80 0.10 percent [+]
Youth Unemployment Rate 2.40 2.40 5.70 1.40 percent [+]
Job Offers 72133.00 73674.00 78215.00 29043.00 [+]
Labor Force Participation Rate 68.40 68.40 68.80 66.80 percent [+]
Long Term Unemployment Rate 1.80 1.90 2.00 1.40 percent [+]
Non Farm Payrolls 5070.00 5048.00 5070.00 3841.00 Thousand [+]
Part Time Employment 1699.40 1649.50 1699.40 1064.50 Thousand [+]
Employment Change 0.30 0.30 1.20 -0.60 percent [+]
Employment Rate 79.90 79.40 81.30 76.90 percent [+]
Full Time Employment 2776.40 2798.30 2839.10 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.50 5.70 1.50 1995 - 2018 percent Monthly
NSA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.60 Nov/18
Turkey 11.60 Oct/18
Italy 10.50 Nov/18
France 9.10 Sep/18
Argentina 9.00 Sep/18
Euro Area 7.90 Nov/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Dec/18
Indonesia 5.34 Sep/18
Australia 5.10 Nov/18
Russia 4.80 Nov/18
United Kingdom 4.10 Oct/18
United States 3.90 Dec/18
China 3.82 Sep/18
South Korea 3.80 Dec/18
Netherlands 3.60 Dec/18
India 3.52 Dec/17
Germany 3.30 Nov/18
Mexico 3.30 Nov/18
Switzerland 2.70 Dec/18
Japan 2.50 Nov/18
Singapore 2.10 Sep/18


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