The Swiss unemployment rate inched down to a non-seasonally adjusted 3.2 percent in September 2020 from 3.3 percent in the previous month and below market consensus of 3.3 percent. The number of unemployed people fell by 2,551, or 1.7 percent, to 148,560. Meantime, youth unemployment rate, measuring job-seekers between 15 and 24 years old, declined to 3.6 percent from 3.9 percent in August, with the number of young unemployed decreasing by 1,271, or 6.2 percent, to 19,070. Adjusted for seasonal factors, the unemployment rate edged down to 3.3 percent in September from 3.4 percent in August.
Unemployment Rate in Switzerland averaged 3.21 percent from 1995 until 2020, 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. Switzerland Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Unemployment Rate in Switzerland is expected to be 4.60 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 4.00 in 12 months time. In the long-term, the Switzerland Unemployment Rate is projected to trend around 3.60 percent in 2021 and 3.20 percent in 2022, according to our econometric models.