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.

Switzerland Unemployment Rate
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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



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 [+]


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 May of 2019.

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




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 14.70 Feb/19
Brazil 12.70 Mar/19
Italy 10.20 Mar/19
Argentina 9.10 Dec/18
France 8.70 Mar/19
Euro Area 7.70 Mar/19
Saudi Arabia 6.00 Dec/18
Canada 5.70 Apr/19
Australia 5.20 Apr/19
Indonesia 5.01 Mar/19
Russia 4.70 Mar/19
South Korea 4.10 Apr/19
United Kingdom 3.80 Mar/19
China 3.67 Mar/19
United States 3.60 Apr/19
India 3.53 Dec/18
Netherlands 3.30 Apr/19
Germany 3.20 Mar/19
Mexico 3.20 Mar/19
Japan 2.50 Mar/19
Switzerland 2.40 Apr/19
Singapore 2.20 Mar/19


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