The Swiss unemployment rate dropped 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. Unemployment Rate in Switzerland averaged 3.25 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 2.40 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 2.50 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
2019-04-09 05:45 AM Unemployment Rate Mar 2.5% 2.7% 2.5% 2.5%
2019-05-08 05:45 AM Unemployment Rate Apr 2.4% 2.5% 2.3% 2.3%
2019-06-07 05:45 AM Unemployment Rate May 2.3% 2.4% 2.3% 2.4%
2019-07-09 05:45 AM Unemployment Rate Jun 2.1% 2.3% 2.2% 2.4%
2019-08-09 05:45 AM Unemployment Rate Jul 2.1% 2.2%
2019-09-09 05:45 AM Unemployment Rate Aug 2.3%
2019-10-08 05:45 AM Unemployment Rate Sep 2.4%



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.

The number of unemployed people decreased by 4,148 from the previous month, or 4.1 percent, to 97,222 in June. Compared to the same month a year earlier, unemployment fell by 9,357, or 8.8 percent. Also, the number of jobseekers fell by 5,328, or 3 percent, to 170,800; and dropped by 8,977 year-on-year, or 5 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was unchanged at 1.9 percent in June, with the number of young unemployed declining by 287, or 2.9 percent, to 9,762. Compared to June 2018, it fell by 9.1 percent.

When adjusted for seasonal factors, the unemployment rate edged down to 2.3 percent in June from 2.4 percent in May.


Seco l Rida Husna | rida@tradingeconomics.com
7/9/2019 6:15:00 AM



Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.10 2.30 5.70 1.50 percent [+]
Employed Persons 5076.00 5065.00 5080.00 3242.00 Thousand [+]
Unemployed Persons 97222.00 101370.00 206291.00 26.00 [+]
Productivity 102.54 101.99 104.72 77.83 Index Points [+]
Job Vacancies 35771.00 36183.00 36974.00 6014.00 [+]
Wages 6291.00 6260.00 6291.00 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 0.50 7.80 0.10 percent [+]
Youth Unemployment Rate 1.90 1.90 5.70 1.40 percent [+]
Job Offers 77273.00 74296.00 78215.00 29043.00 [+]
Labor Force Participation Rate 68.30 68.70 68.80 66.80 percent [+]
Long Term Unemployment Rate 1.70 1.80 2.00 1.40 percent [+]
Non Farm Payrolls 5071.00 5068.00 5071.00 3841.00 Thousand [+]
Part Time Employment 1698.70 1691.90 1699.40 1064.50 Thousand [+]
Employment Change 0.20 -0.10 1.20 -0.60 percent [+]
Employment Rate 79.90 80.60 81.30 76.90 percent [+]
Full Time Employment 2794.30 2832.20 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.30 5.70 1.50 1995 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


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