The Swiss unemployment rate inched higher to a non-seasonally adjusted 2.5 percent in November 2018 from a 10-year low of 2.4 percent in the previous month, as the number of unemployed increased by 2.9 percent. Unemployment Rate in Switzerland averaged 3.26 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.

Switzerland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 05:45 AM Unemployment Rate 2.4% 2.4% 2.4% 2.4%
2018-10-08 05:45 AM Unemployment Rate 2.4% 2.4% 2.4% 2.3%
2018-11-08 06:45 AM Unemployment Rate 2.4% 2.4% 2.4% 2.4%
2018-12-10 06:45 AM Unemployment Rate 2.5% 2.4% 2.5%
2019-01-08 06:45 AM Unemployment Rate 2.5% 2.5%
2019-02-08 06:45 AM Unemployment Rate
2019-03-08 06:45 AM Unemployment Rate



Swiss Jobless Rate Rises to 2.5%


The Swiss unemployment rate inched higher to a non-seasonally adjusted 2.5 percent in November 2018 from a 10-year low of 2.4 percent in the previous month.

The number of unemployed people increased by 3,159 from the previous month, or 2.9 percent, to 110,474 in November. Compared to the same month a year earlier, unemployment fell by 26,843, or 19.5 percent.

Also, the number of jobseekers went up by 6,766, or 3.7 percent, to 190,212; but dropped by 13,929 year-on-year, or 6.8 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was unchanged at 2.4 percent in November, as the number of young unemployed fell by 44, or 0.3 percent to 13,020. Compared to November 2017, it decreased by 3,550 people, or 21.4 percent. 

When adjusted for seasonal factors, the unemployment rate eased to 2.4 percent in November from 2.5 percent in the previous month, and in line with market consensus.


SECO | Rida | rida@tradingeconomics.com
12/10/2018 1:48:38 PM



Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.50 2.40 5.70 1.50 percent [+]
Employed Persons 5046.00 5025.00 5063.00 3242.00 Thousand [+]
Unemployed Persons 110474.00 107315.00 206291.00 26.00 [+]
Productivity 104.72 102.90 104.72 77.83 Index Points [+]
Job Vacancies 31047.00 36850.00 36850.00 6062.00 [+]
Wages 6260.00 6235.00 6260.00 5082.00 CHF/Month [+]
Wages in Manufacturing 113.10 113.20 113.20 100.00 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 0.80 0.80 7.80 0.10 percent [+]
Youth Unemployment Rate 2.40 2.40 5.70 1.40 percent [+]
Job Offers 72133.00 73674.00 78215.00 29043.00 [+]
Labor Force Participation Rate 68.40 68.40 68.80 66.80 percent [+]
Long Term Unemployment Rate 1.80 1.90 2.00 1.40 percent [+]
Non Farm Payrolls 5070.00 5048.00 5070.00 3841.00 Thousand [+]
Part Time Employment 1699.40 1649.50 1699.40 1064.50 Thousand [+]
Employment Change 0.30 0.30 1.20 -0.60 percent [+]
Employment Rate 79.90 79.40 81.30 76.90 percent [+]
Full Time Employment 2776.40 2798.30 2839.10 2628.90 Thousand [+]


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. 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.40 5.70 1.50 1995 - 2018 percent Monthly
NSA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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