The Swiss unemployment rate rose to a non-seasonally adjusted 2.5 percent in December 2019 from 2.3 percent in November, above market consensus of 2.4 percent. The number of unemployed people increased by 10,947 from the prior month, or 10.3 percent, to 117,277. Compared to the same month 2018, unemployment fell by 2,384, or 2 percent. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, went up to 2.4 percent from 2.3 percent in November, with the number of young unemployed growing by 430, or 3.6 percent, to 12,390. Compared with December 2018, it fell by 782, or 5.9 percent. Adjusted for seasonal factors, the unemployment rate was unchanged at 2.3 percent in December.
Unemployment Rate in Switzerland averaged 3.22 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. This page provides - Switzerland Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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 3.20 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.