The Swiss unemployment rate increased to a non-seasonally adjusted 3.3 percent in April 2020 from 2.9 percent in the previous month, and in line with market expectations. It was the highest jobless rate since March 2017, as the number of unemployed people surged by 17,789, or 13.1 percent, to 153,413. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 3.3 percent from 2.8 percent in March, with the number of young unemployed increasing by 2,635, or 18.1 percent, to 17,191. Adjusted for seasonal factors, the unemployment rate rose to 3.3 percent from 2.9 percent in March.

Unemployment Rate in Switzerland averaged 3.21 percent from 1995 until 2020, 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 May of 2020.

Unemployment Rate in Switzerland is expected to be 5.10 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 5.20 in 12 months time. In the long-term, the Switzerland Unemployment Rate is projected to trend around 4.50 percent in 2021 and 4.00 percent in 2022, according to our econometric models.

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Switzerland Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.30 2.90 5.70 1.50 1995 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-10 06:45 AM Jan 2.6% 2.5% 2.6%
2020-03-09 06:45 AM Feb 2.5% 2.6% 2.6%
2020-04-07 05:45 AM Mar 2.9% 2.5% 2.8% 3.2%
2020-05-07 05:45 AM Apr 3.3% 2.9% 3.3% 3.4%
2020-06-09 05:45 AM May 3.3% 4.2%
2020-07-08 05:45 AM Jun 5.1%
2020-08-10 05:45 AM Jul
2020-09-09 05:45 AM Aug


News Stream
Swiss Jobless Rate Highest in Over 3 Years
The Swiss unemployment rate increased to a non-seasonally adjusted 3.3 percent in April 2020 from 2.9 percent in the previous month, and in line with market expectations. It was the highest jobless rate since March 2017, as the number of unemployed people surged by 17,789, or 13.1 percent, to 153,413. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 3.3 percent from 2.8 percent in March, with the number of young unemployed increasing by 2,635, or 18.1 percent, to 17,191. Adjusted for seasonal factors, the unemployment rate rose to 3.3 percent from 2.9 percent in March.
2020-05-07
Swiss Jobless Rate Highest in Over 2 Years
The Swiss unemployment rate increased to a non-seasonally adjusted 2.9 percent in March 2020 from 2.5 percent in the previous month, and above market expectations of 2.8 percent. It was the highest rate since February 2018, as the number of unemployed people surged by 17,802, or 15.1 percent, to 135,624. Compared with a year earlier, unemployment jumped by 23,283, or 20.7 percent. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, rose to 2.8 percent in March from 2.3 percent in February, with the number of young unemployed increasing by 2,436, or 20.1 percent, to 14,556. Adjusted for seasonal factors, the unemployment rate rose to 2.8 percent from an upwardly revised 2.6 percent in February.
2020-04-07
Swiss Jobless Rate Inches Lower in February
The Swiss unemployment rate edged down to a non-seasonally adjusted 2.5 percent in February 2020 from 2.6 percent in the previous month, as the number of unemployed people decreased by 3,196, or 2.6 percent, to 117,822. Compared with a year earlier, unemployment fell by 1,651, or 1.4 percent. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, inched lower to 2.3 percent in February from 2.4 percent in January, with the number of young unemployed falling by 477, or 3.8 percent, to 12,120. Adjusted for seasonal factors, the unemployment rate was unchanged at 2.3 percent in February.
2020-03-09
Swiss Jobless Rate Rises to 2.6% in January
The Swiss unemployment rate edged up to a non-seasonally adjusted 2.6 percent in January 2020 from 2.5 percent in December. The number of unemployed people increased by 3,741 from the prior month, or 3.2 percent, to 121,018. Compared to January 2019, unemployment fell by 2,944, or 2.4 percent. Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was unchanged at 2.4 percent, with the number of young unemployed growing by 207, or 1.7 percent, to 12,597. Adjusted for seasonal factors, the unemployment rate was unchanged at 2.3 percent in January.
2020-02-10

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.