Switzerland Unemployment Rate

The Swiss unemployment rate inched lower to a non-seasonally adjusted 2.4 percent in April 2019 from 2.5 percent in the previous month. This was the lowest jobless rate since October last year, as the number of unemployed dropped 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 2.60 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 2.60 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.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2019-02-08	06:45 AM	Unemployment Rate	2.8%	2.7%		2.4%
2019-03-07	06:45 AM	Unemployment Rate	2.7%	2.8%	2.7%	2.7%
2019-04-09	05:45 AM	Unemployment Rate	2.5%	2.7%	2.5%	2.5%
2019-05-08	05:45 AM	Unemployment Rate	2.4%	2.5%	2.3%	2.3%
2019-06-07	05:45 AM	Unemployment Rate		2.4%		2.4%
2019-07-09	05:45 AM	Unemployment Rate				2.6%
2019-08-09	05:45 AM	Unemployment Rate				2.5%

Swiss Jobless Rate Lowest in 6 Months

The Swiss unemployment rate inched lower to a non-seasonally adjusted 2.4 percent in April 2019 from 2.5 percent in the previous month. This was the lowest jobless rate since October last year, as the number of unemployed dropped further.

The number of unemployed people decreased by 5,043 from the previous month, or 4.5 percent, to 107,298 in April. Compared to the same month a year earlier, unemployment fell by 12,483, or 10.4 percent. Also, the number of jobseekers fell by 5,918, or 3.1 percent, to 183,549; and dropped by 10,511 year-on-year, or 5.4 percent.

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to an 11-month low of 1.9 percent in April from 2.1 percent a month earlier, with the number of young unemployed declining by 912, or 7.9 percent, to 10,661. Compared to April 2018, it decreased by 1,255 people, or 10.5 percent.

When adjusted for seasonal factors, the unemployment rate stood at 2.4 percent in April, unchanged from the previous month.

SECO l Rida Husna | rida@tradingeconomics.com
5/8/2019 8:15:27 AM

News

Swiss Jobless Rate Falls to 4-Month Low
The Swiss unemployment rate dropped to a non-seasonally adjusted 2.5 percent in March 2019 from 2.7 percent in the previous month. It was the lowest jobless rate since November last year, as the number of unemployed declined further.
Published on 2019-04-09

Swiss Jobless Rate Inches Lower to 2.7% in February
The Swiss unemployment rate edged down to a non-seasonally adjusted 2.7 percent in February 2019 from a ten-month high of 2.8 percent in the previous month, as the number of unemployed fell.
Published on 2019-03-07

Swiss Jobless Rate Rises to 10-Month High of 2.8%
The Swiss unemployment rate edged up to a non-seasonally adjusted 2.8 percent in January 2019 from 2.7 percent in the previous month. It was the highest jobless rate since March 2018, as the number of unemployed increased markedly.
Published on 2019-02-08

Swiss Jobless Rate Rises to 8-Month High
The Swiss unemployment rate rose to a non-seasonally adjusted 2.7 percent in December 2018 from 2.5 percent in the previous month. It was the highest jobless rate since April as the number of unemployed rose markedly.
Published on 2019-01-08

Switzerland Labour	Last	Previous	Highest	Lowest	Unit
Unemployment Rate	2.40	2.50	5.70	1.50	percent	[+]
Employed Persons	5065.00	5080.00	5080.00	3242.00	Thousand	[+]
Unemployed Persons	107298.00	112341.00	206291.00	26.00		[+]
Productivity	101.99	103.70	104.72	77.83	Index Points	[+]
Job Vacancies	36681.00	36325.00	36850.00	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	0.50	0.80	7.80	0.10	percent	[+]
Youth Unemployment Rate	1.90	2.10	5.70	1.40	percent	[+]
Job Offers	72133.00	73674.00	78215.00	29043.00		[+]
Labor Force Participation Rate	68.50	68.40	68.80	66.80	percent	[+]
Long Term Unemployment Rate	1.50	1.80	2.00	1.40	percent	[+]
Non Farm Payrolls	5068.00	5070.00	5070.00	3841.00	Thousand	[+]
Part Time Employment	1668.80	1699.40	1699.40	1064.50	Thousand	[+]
Employment Change	0.50	0.30	1.20	-0.60	percent	[+]
Employment Rate	80.60	80.50	81.30	76.90	percent	[+]
Full Time Employment	2841.10	2776.40	2841.10	2628.90	Thousand	[+]

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 May of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.40	2.50	5.70	1.50	1995 - 2019	percent	Monthly	NSA

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Country	Last		Previous	Range
South Africa	27.60	Mar/19	27.1	31.2 : 21.5	%
Spain	14.70	Mar/19	14.45	26.94 : 4.41	%
Turkey	14.70	Feb/19	14.7	14.8 : 7.3	%
Brazil	12.70	Mar/19	12.4	13.7 : 6.2	%
Italy	10.20	Mar/19	10.5	13.1 : 5.8	%
Argentina	9.10	Dec/18	9	20.8 : 5.9	%
France	8.70	Mar/19	8.8	10.7 : 7.2	%
Euro Area	7.70	Mar/19	7.8	12.1 : 7.3	%
Saudi Arabia	6.00	Dec/18	6	6.3 : 4.35	%
Canada	5.70	Apr/19	5.8	13.1 : 2.9	%
Australia	5.20	Apr/19	5.1	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.70	Mar/19	4.9	14.1 : 4.5	%
South Korea	4.10	Apr/19	3.8	7.1 : 3	%
United Kingdom	3.80	Mar/19	3.9	12 : 3.4	%
China	3.67	Mar/19	3.8	4.3 : 3.67	%
United States	3.60	Apr/19	3.8	10.8 : 2.5	%
India	3.53	Dec/18	3.52	8.3 : 3.41	%
Netherlands	3.30	Apr/19	3.3	7.9 : 3.3	%
Germany	3.20	Mar/19	3.2	11.5 : 0.4	%
Mexico	3.20	Mar/19	3.3	6.42 : 2.22	%
Japan	2.50	Mar/19	2.3	5.5 : 1	%
Switzerland	2.40	Apr/19	2.5	5.7 : 1.5	%
Singapore	2.20	Mar/19	2.2	6 : 1.4	%