The Swiss unemployment rate fell to a non-seasonally adjusted 1.9% in May 2023 from 2% in the previous month, in line with market forecasts, pointing to the lowest reading since last October. The number of unemployed people dropped by 2,458 or 2.7%, to an over 21-year low of 88,076. Meanwhile, the youth unemployment rate, measuring job-seekers between 15-24 years old, stood at 1.7% in April, with the number of young unemployed declining by 169 or 2.2% to 7,557. Adjusted for seasonal factors, the unemployment rate edged up to 2 percent in May from 1.9 percent in the previous month. source: State Secretariat for Economic Affairs

Unemployment Rate in Switzerland averaged 3.15 percent from 1995 until 2023, 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 June of 2023.

Unemployment Rate in Switzerland is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Unemployment Rate is projected to trend around 3.00 percent in 2024 and 2.90 percent in 2025, according to our econometric models.

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Switzerland Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-05-05 05:45 AM Apr 2% 2% 2.0%
2023-06-07 05:45 AM May 1.9% 2% 1.9% 2%
2023-07-07 05:45 AM Jun 1.9% 2.3%


Related Last Previous Unit Reference
Unemployment Rate 1.90 2.00 percent May 2023
Unemployed Persons 88076.00 90534.00 May 2023
Job Vacancies 50572.00 54172.00 Apr 2023
Youth Unemployment Rate 1.70 1.70 percent May 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.00 5.70 1.50 1995 - 2023 percent Monthly
NSA

News Stream
Swiss Jobless Rate Drops to 7-Month Low
The Swiss unemployment rate fell to a non-seasonally adjusted 1.9% in May 2023 from 2% in the previous month, in line with market forecasts, pointing to the lowest reading since last October. The number of unemployed people dropped by 2,458 or 2.7%, to an over 21-year low of 88,076. Meanwhile, the youth unemployment rate, measuring job-seekers between 15-24 years old, stood at 1.7% in April, with the number of young unemployed declining by 169 or 2.2% to 7,557. Adjusted for seasonal factors, the unemployment rate edged up to 2 percent in May from 1.9 percent in the previous month.
2023-06-07
Swiss Jobless Rate Unchanged at 2% in April
The Swiss unemployment rate was at a non-seasonally adjusted 2% in April 2023, the same as in the previous month. The number of unemployed people dropped by 2,221 or 0.4% to 90,534. Meanwhile, the youth unemployment rate, measuring job-seekers between 15-24 years old, edged down to 1.7% in April, with the number of young unemployed falling by 504, or 6.1% to 7,726.
2023-05-05
Swiss Jobless Rate Edges Lower to 4-Month Low
The Swiss unemployment rate ticked down to a non-seasonally adjusted 2.0 percent in March 2023 from 2.1 percent in the prior month, pointing to the lowest reading since last November. The number of unemployed people declined by 5,697 or 5.8 percent to 92,755. Meanwhile, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, was down to an 8-month low of 1.8 percent from 2.0 percent in February, as the number of young unemployed fell by 728, or 8.1 percent, to 8,230. Adjusted for seasonal factors, the unemployment rate was unchanged at 1.9 percent.
2023-04-06