Switzerland Unemployment Rate

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.

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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

News

Swiss Jobless Rate Holds Steady at Over 17-Year Low
The Swiss unemployment rate stood at a non-seasonally adjusted 2.1 percent in July 2019, unchanged from the previous month's 17-1/2- year low.
Published on 2019-08-09

Swiss Jobless Rate Lowest Since November 2001
The Swiss unemployment rate dropped to to a non-seasonally adjusted 2.1 percent in June 2019 from 2.3 percent in the previous month and below market expectations of 2.2 percent. This was the lowest jobless rate since November 2001, as the number of unemployed declined further.
Published on 2019-07-09

Swiss Jobless Rate Falls to Near 11-Year Low
The Swiss unemployment rate edged down to a non-seasonally adjusted 2.3 percent in May 2019 from 2.4 percent in the previous month and matching market expectations. This was the lowest jobless rate since July 2008, as the number of unemployed declined further.
Published on 2019-06-07

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.
Published on 2019-05-08

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	[+]

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

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Country	Last		Previous	Range
South Africa	29.00	Jun/19	27.6	31.2 : 21.5	%
Spain	14.02	Jun/19	14.7	26.94 : 4.41	%
Turkey	13.00	Jun/19	12.8	14.8 : 7.3	%
Brazil	11.80	Jul/19	12	13.7 : 6.2	%
Argentina	10.10	Mar/19	9.1	20.8 : 5.9	%
Italy	9.90	Jul/19	9.8	13.1 : 5.8	%
France	8.50	Jun/19	8.7	10.7 : 7.2	%
Euro Area	7.50	Jul/19	7.5	12.1 : 7.3	%
India	6.00	Dec/18	5	8.3 : 3.53	%
Canada	5.70	Aug/19	5.7	13.1 : 2.9	%
Saudi Arabia	5.60	Jun/19	5.7	6.3 : 4.35	%
Australia	5.30	Aug/19	5.2	11.2 : 4	%
Indonesia	5.01	Mar/19	5.34	11.24 : 2	%
Russia	4.30	Aug/19	4.5	14.1 : 4.3	%
United Kingdom	3.80	Jul/19	3.9	12 : 3.4	%
Mexico	3.70	Jul/19	3.6	6.42 : 2.22	%
United States	3.70	Aug/19	3.7	10.8 : 2.5	%
China	3.61	Jun/19	3.67	4.3 : 3.61	%
Netherlands	3.50	Aug/19	3.4	7.9 : 3.3	%
South Korea	3.10	Aug/19	4	7.1 : 3	%
Germany	3.00	Jul/19	3.1	11.5 : 0.4	%
Japan	2.20	Jul/19	2.3	5.5 : 1	%
Singapore	2.20	Jun/19	2.2	6 : 1.4	%
Switzerland	2.10	Aug/19	2.1	5.7 : 1.5	%