The Swiss unemployment rate came in at a non-seasonally adjusted 2.4 percent in October 2018, unchanged from the previous five months and the lowest since September 2008. When adjusted for seasonal factors, the unemployment rate stood at 2.5 percent in October, the same as in September. Unemployment Rate in Switzerland averaged 3.27 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.

Switzerland Unemployment Rate
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Swiss Jobless Rate Holds Steady at 10-Year Low


The Swiss unemployment rate came in at a non-seasonally adjusted 2.4 percent in October 2018, unchanged from the previous five months and the lowest since September 2008.

The number of unemployed people increased by 729 from the previous month, or 0.7 percent, to 107,315 in October. Compared to the same month a year earlier, unemployment fell by 27,485, or 20.4 percent.
Also, the number of jobseekers went up  4,947, or 2.8 percent, to 183,446, but dropped 14,579 year-on-year, or 7.4 percent. 
Youth unemployment rate, measuring job-seekers between 15 and 24 years old, edged down to 2.4 percent in October from 2.5 percent in September, as the number of young unemployed fell 660, or 4.8 percent to 13,064. Compared to October 2017, it decreased by 3,841 people, or 22.7 percent. 
When adjusted for seasonal factors, the unemployment rate stood at 2.5 percent in October, the same as in September. 


Seco l Rida | rida@tradingeconomics.com
11/8/2018 12:05:34 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 05:45 AM Unemployment Rate 2.4% 2.4% 2.4% 2.4%
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 2.4% 2.5%


Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.40 2.40 5.70 1.50 percent [+]
Employed Persons 5046.00 5025.00 5063.00 3242.00 Thousand [+]
Unemployed Persons 107315.00 106586.00 206291.00 26.00 [+]
Productivity 104.72 102.90 104.72 77.83 Index Points [+]
Job Vacancies 31446.00 33132.00 33132.00 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 2.50 5.70 1.40 percent [+]
Job Offers 73674.00 70628.00 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 5048.00 4961.00 5048.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.40 5.70 1.50 1995 - 2018 percent Monthly
NSA




Country Last
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.90 Sep/18
Turkey 11.10 Aug/18
Italy 10.10 Sep/18
Argentina 9.60 Jun/18
France 9.10 Jun/18
Euro Area 8.10 Sep/18
Saudi Arabia 6.00 Jun/18
Canada 5.80 Oct/18
Indonesia 5.34 Jun/18
Australia 5.00 Oct/18
Russia 4.50 Sep/18
United Kingdom 4.10 Sep/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Oct/18
Mexico 3.60 Sep/18
India 3.52 Dec/17
Germany 3.40 Sep/18
Switzerland 2.40 Oct/18
Japan 2.30 Sep/18
Singapore 2.10 Sep/18


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