The Swiss unemployment rate declined to a non-seasonally adjusted 3.1 percent in May 2021, the lowest since March 2020, as the number of unemployed people fell by 8,313, or 5.5 percent, to 142,966. Meantime, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, decreased to 2.4 percent from 2.7 percent, with the number of young unemployed falling by 1,350, or 9.6 percent, to 12,754. Adjusted for seasonal factors, the unemployment rate went down to 3.0 percent in May, from a marginally revised 3.2 percent in the previous month. source: State Secretariat for Economic Affairs
Unemployment Rate in Switzerland averaged 3.22 percent from 1995 until 2021, 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 2021.
Unemployment Rate in Switzerland is expected to be 3.40 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 3.20 in 12 months time. In the long-term, the Switzerland Unemployment Rate is projected to trend around 3.20 percent in 2022 and 2.80 percent in 2023, according to our econometric models.