Switzerland's unemployment rate increased to a non-seasonally adjusted 3.7 percent in January 2021, the highest since April 2010, from 3.5 percent in the previous month. The number of unemployed people rose by 6,208, or 3.8 percent, to 169,753. Meantime, youth unemployment rate, measuring job-seekers between 15 and 24 years old was unchanged at 3.4 percent, with the number of young unemployed increasing by 72, or 0.4 percent, to 17,766. Adjusted for seasonal factors, the unemployment rate came in at 3.5 percent in January, unchanged from an upwardly revised figure in the previous month. source: State Secretariat for Economic Affairs

Unemployment Rate in Switzerland averaged 3.21 percent from 1995 until 2021, 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 February of 2021.

Unemployment Rate in Switzerland is expected to be 4.50 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 3.60 in 12 months time. In the long-term, the Switzerland Unemployment Rate is projected to trend around 3.20 percent in 2022, according to our econometric models.

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Switzerland Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.50 5.70 1.50 1995 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-09 06:45 AM Oct 3.2% 3.2% 3.3% 3.4%
2020-12-08 06:45 AM Nov 3.3% 3.2% 3.3% 3.3%
2021-01-08 06:45 AM Dec 3.5% 3.3% 3.4% 3.4%
2021-02-08 06:45 AM Jan 3.7% 3.5% 3.6%
2021-03-08 06:45 AM Feb 3.7% 3.8%
2021-04-09 05:45 AM Mar
2021-05-07 05:45 AM Apr
2021-06-07 05:45 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Swiss Jobless Rate Highest Since 2010
Switzerland's unemployment rate increased to a non-seasonally adjusted 3.7 percent in January 2021, the highest since April 2010, from 3.5 percent in the previous month. The number of unemployed people rose by 6,208, or 3.8 percent, to 169,753. Meantime, youth unemployment rate, measuring job-seekers between 15 and 24 years old was unchanged at 3.4 percent, with the number of young unemployed increasing by 72, or 0.4 percent, to 17,766. Adjusted for seasonal factors, the unemployment rate came in at 3.5 percent in January, unchanged from an upwardly revised figure in the previous month.
2021-02-08
Switzerland Jobless Rate Highest Since 2017
The Swiss unemployment rate increased to a non-seasonally adjusted 3.5 percent in December 2020, the highest since January 2017, from 3.3 percent in the previous month and beating market consensus of 3.4 percent. The number of unemployed people rose by 10,275, or 6.7 percent, to 163,545. Meantime, youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 3.4 percent from 3.3 percent, with the number of young unemployed increasing by 204, or 1.2 percent, to 17,694. Adjusted for seasonal factors, the unemployment rate came in at 3.4 percent in November, unchanged from the previous month.
2021-01-08
Switzerland Jobless Rate Highest in 3 Months
The Swiss unemployment rate edged up to a non-seasonally adjusted 3.3 percent in November 2020, the highest since August, from 3.2 percent in the previous month and matching market consensus. The number of unemployed people rose by 4,152, or 2.8 percent, to 153,270. Meantime, youth unemployment rate, measuring job-seekers between 15 and 24 years old, stood at 3.3 percent, with the number of young unemployed decreasing by 72, or 0.4 percent, to 17,490. Adjusted for seasonal factors, the unemployment rate came in at 3.4 percent in November, unchanged from an upwardly revised reading in October.
2020-12-08
Swiss Jobless Rate Unchanged at 3.2% in October
The Swiss unemployment rate stood at a non-seasonally adjusted 3.2 percent in October 2020, the same as in the previous month and below market consensus of 3.3 percent. The number of unemployed people rose by 558, or 0.4 percent, to 149,118. Meantime, youth unemployment rate, measuring job-seekers between 15 and 24 years old, declined to 3.3 percent, the lowest in four months, with the number of young unemployed decreasing by 1,508, or 7.9 percent, to 17,562. Adjusted for seasonal factors, the unemployment rate edged down to 3.3 percent in October from an upwardly revised 3.4 percent in September.
2020-11-09

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.