The Swiss unemployment rate came in at a non-seasonally adjusted 2.4 percent in October 2018, unchanged from the previous five months and the lowest since September 2008. When adjusted for seasonal factors, the unemployment rate stood at 2.5 percent in October, the same as in September. Unemployment Rate in Switzerland averaged 3.27 percent from 1995 until 2018, 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 2.50 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 2.70 in 12 months time. In the long-term, the Switzerland Unemployment Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.