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.

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Switzerland Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.30 5.70 1.50 1995 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-08 05:45 AM Jun 3.2% 3.4% 3.4% 3.6%
2020-08-10 05:45 AM Jul 3.2% 3.2% 3.4%
2020-09-09 05:45 AM Aug 3.3% 3.2% 3.3% 3.4%
2020-10-08 05:45 AM Sep 3.2% 3.3% 3.3% 3.4%
2020-11-09 06:45 AM Oct 3.2%
2020-12-08 06:45 AM Nov


News Stream
Swiss Jobless Rate Below Expectations
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.
2020-10-08
Switzerland Jobless Rate Highest in 3 Months
The Swiss unemployment rate edged up to a non-seasonally adjusted 3.3 percent in August 2020 from 3.2 percent in the previous month and matching market consensus. This was the highest jobless rate since May, as the number of unemployed people rose by 2,241, or 1.5 percent, to 151,111. Meantime, youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 3.9 percent from 3.4 percent in July, with the number of young unemployed rising by 2.446, or 13.7 percent, to 20,341. Adjusted for seasonal factors, the unemployment rate inched up to 3.4 percent in August from 3.3 percent in July.
2020-09-09
Swiss Jobless Rate Unchanged at 3.2% in July
The Swiss unemployment rate came in at a non-seasonally adjusted 3.2 percent in July 2020, the same as in the previous month. The number of unemployed people dropped by 1,419, or 0.9 percent, to 148,870. Meantime, youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged up to 3.4 percent from 3.3 percent in June, with the number of young unemployed rising by 578, or 3.3 percent, to 17,895. Adjusted for seasonal factors, the unemployment rate held steady at 3.3 percent.
2020-08-10
Swiss Jobless Rate Falls in June
The Swiss unemployment rate declined to a non-seasonally adjusted 3.2 percent in June 2020 from 3.4 percent in the previous month and compared with market consensus of 3.4 percent, as the number of unemployed people dropped by 5,709, or 3.7 percent, to 150,289. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged down to 3.3 percent, with the number of young unemployed decreasing by 441, or 2.5 percent, to 17,317. Adjusted for seasonal factors, the unemployment rate picked up to 3.3 percent from 3.2 percent in May.
2020-07-08

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.