The Swiss unemployment rate rose to a non-seasonally adjusted 2.5 percent in December 2019 from 2.3 percent in November, above market consensus of 2.4 percent. The number of unemployed people increased by 10,947 from the prior month, or 10.3 percent, to 117,277. Compared to the same month 2018, unemployment fell by 2,384, or 2 percent. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, went up to 2.4 percent from 2.3 percent in November, with the number of young unemployed growing by 430, or 3.6 percent, to 12,390. Compared with December 2018, it fell by 782, or 5.9 percent. Adjusted for seasonal factors, the unemployment rate was unchanged at 2.3 percent in December.

Unemployment Rate in Switzerland averaged 3.22 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. This page provides - Switzerland Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Switzerland is expected to be 2.60 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 3.20 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.


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Switzerland Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.30 5.70 1.50 1995 - 2019 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 05:45 AM Sep 2.1% 2.1% 2.2%
2019-11-08 06:45 AM Oct 2.2% 2.1% 2.2% 2.2%
2019-12-09 06:45 AM Nov 2.3% 2.2% 2.3%
2020-01-10 06:45 AM Dec 2.5% 2.3% 2.4% 2.5%
2020-02-10 06:45 AM Jan 2.5%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-09
Swiss Jobless Rate Rises to 7-Month High in November
The Swiss unemployment rate inched higher to a non-seasonally adjusted 2.3 percent in November 2019 from 2.2 percent in the previous month. This marked the highest jobless rate since April, as the number of unemployed rose.

2019-11-08
Swiss Jobless Rate Rises to 5-Month High in October
The Swiss unemployment rate edged up to a non-seasonally adjusted 2.2 percent in October 2019 from 2.1 percent in the previous four months and in line with market expectations. This marked the highest jobless rate since May, as the number of unemployed rose.

2019-10-08
Swiss Jobless Rate Steady at 17-1/2-Year Low
The Swiss unemployment rate came in at a non-seasonally adjusted 2.1 percent in September 2019, remaining at the lowest level since November 2001.

2019-09-09
Swiss Jobless Rate Steady at 2.1% for 3rd Month
The Swiss unemployment rate came in at a non-seasonally adjusted 2.1 percent in July 2019, unchanged from a 17-1/2-year low and below market expectations of 2.2 percent.

2019-08-09
Swiss Jobless Rate Holds Steady at Over 17-Year Low
The Swiss unemployment rate stood at a non-seasonally adjusted 2.1 percent in July 2019, unchanged from the previous month's 17-1/2- year low.

2019-07-09
Swiss Jobless Rate Lowest Since November 2001
The Swiss unemployment rate dropped to to a non-seasonally adjusted 2.1 percent in June 2019 from 2.3 percent in the previous month and below market expectations of 2.2 percent. This was the lowest jobless rate since November 2001, as the number of unemployed declined further.


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.

Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.50 2.30 5.70 1.50 percent [+]
Employed Persons 5090.00 5098.00 5098.00 3242.00 Thousand [+]
Unemployed Persons 117277.00 106330.00 206291.00 26.00 [+]
Productivity 102.97 102.42 104.72 77.83 points [+]
Job Vacancies 36472.00 36085.00 36748.00 6014.00 [+]
Wages 6291.00 6260.00 6291.00 5082.00 CHF/Month [+]
Wages in Manufacturing 112.40 113.10 113.20 100.00 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 [+]
Job Offers 79030.00 83600.00 83600.00 29043.00 [+]
Labor Force Participation Rate 68.40 68.30 68.80 66.80 percent [+]
Long Term Unemployment Rate 1.60 1.50 2.00 1.40 percent [+]
Non Farm Payrolls 5137.00 5109.00 5137.00 3841.00 Thousand [+]
Part Time Employment 1719.10 1729.60 1729.60 1064.50 Thousand [+]
Youth Unemployment Rate 2.40 2.30 5.70 1.40 percent [+]
Wage Growth 0.50 0.50 7.80 0.10 percent [+]
Employment Change -0.10 0.30 1.20 -0.60 percent [+]
Employment Rate 80.40 80.60 81.30 76.90 percent [+]
Full Time Employment 2802.60 2804.80 2841.10 2628.90 Thousand [+]