The Swiss unemployment rate came in at a non-seasonally adjusted 2.1 percent in July 2019, unchanged from a 17-1/2-year low and below market expectations of 2.2 percent. Unemployment Rate in Switzerland averaged 3.23 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 2.20 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
2019-06-07 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% 2.1% 2.1% 2.2%
2019-09-09 05:45 AM Unemployment Rate Aug 2.1% 2.1% 2.2% 2.1%
2019-10-08 05:45 AM Unemployment Rate Sep 2.1% 2.2%
2019-11-08 06:45 AM Unemployment Rate Oct 2.3%
2019-12-09 06:45 AM Unemployment Rate Nov 2.3%



Swiss Jobless Rate Steady at 2.1% for 3rd Month

The Swiss unemployment rate came in at a non-seasonally adjusted 2.1 percent in July 2019, unchanged from the previous two month's 17-1/2- year low and below market expectations of 2.2 percent.

The number of unemployed people increased by 1.974 from the previous month, or 2 percent, to 99,552 in August. Compared to the same month a year earlier, unemployment fell by 8,341, or 7.7 percent. Meanwhile, the number of jobseekers fell 1.431, or 0.8 percent, to 169.849; and dropped by 10.126 year-on-year, or 5.6 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to an eleven-month high of 2.5 percent in August from 2.1 percent in July, with the number of young unemployed increasing by 2,313, or 21.4 percent, to 13.142. Compared to August 2018, it fell by 1.356, or 9.4 percent.

When adjusted for seasonal factors, the unemployment rate came in at 2.3 percent in August, the same as in July.


SECO l Rida Husna | rida@tradingeconomics.com
9/9/2019 8:27:11 AM



Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.10 2.10 5.70 1.50 percent [+]
Employed Persons 5098.00 5078.00 5098.00 3242.00 Thousand [+]
Unemployed Persons 99552.00 97578.00 206291.00 26.00 [+]
Productivity 102.42 102.54 104.72 77.83 Index Points [+]
Job Vacancies 36721.00 36591.00 36832.00 6014.00 [+]
Wages 6291.00 6260.00 6291.00 5082.00 CHF/Month [+]
Wages in Manufacturing 112.40 113.10 113.20 100.00 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 2.50 2.10 5.70 1.40 percent [+]
Job Offers 83600.00 77273.00 83600.00 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 5109.00 5071.00 5109.00 3841.00 Thousand [+]
Part Time Employment 1698.70 1691.90 1699.40 1064.50 Thousand [+]
Employment Change 0.40 0.30 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 September of 2019.

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




Country Last Previous
South Africa 29.00 Jun/19
Spain 14.02 Jun/19
Turkey 13.00 Jun/19
Brazil 11.80 Jul/19
Argentina 10.10 Mar/19
Italy 9.90 Jul/19
France 8.50 Jun/19
Euro Area 7.50 Jul/19
India 6.00 Dec/18
Canada 5.70 Aug/19
Saudi Arabia 5.60 Jun/19
Australia 5.30 Aug/19
Indonesia 5.01 Mar/19
Russia 4.30 Aug/19
United Kingdom 3.80 Jul/19
Mexico 3.70 Jul/19
United States 3.70 Aug/19
China 3.61 Jun/19
Netherlands 3.50 Aug/19
South Korea 3.10 Aug/19
Germany 3.00 Jul/19
Japan 2.20 Jul/19
Singapore 2.20 Jun/19
Switzerland 2.10 Aug/19


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