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.