The Swiss unemployment rate dropped to a non-seasonally adjusted 2.5 percent in March 2019 from 2.7 percent in the previous month. It was the lowest jobless rate since November last year, as the number of unemployed declined further. Unemployment Rate in Switzerland averaged 3.26 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 2.60 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 2.60 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.

Switzerland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-08 06:45 AM Unemployment Rate 2.7% 2.5% 2.50%
2019-02-08 06:45 AM Unemployment Rate 2.8% 2.7% 2.4%
2019-03-07 06:45 AM Unemployment Rate 2.7% 2.8% 2.7% 2.7%
2019-04-09 05:45 AM Unemployment Rate 2.5% 2.7% 2.5% 2.5%
2019-05-08 05:45 AM Unemployment Rate 2.5% 2.3%
2019-06-07 05:45 AM Unemployment Rate 2.4%
2019-07-09 05:45 AM Unemployment Rate 2.6%



Swiss Jobless Rate Falls to 4-Month Low of 2.5% in March

The Swiss unemployment rate dropped to a non-seasonally adjusted 2.5 percent in March 2019 from 2.7 percent in the previous month. It was the lowest jobless rate since November last year, as the number of unemployed declined further.

The number of unemployed people decreased by 7,132 from the previous month, or 6 percent, to 112,341 in March. Compared to the same month a year earlier, unemployment fell by 18,072, or 13.9 percent. Also, the number of jobseekers fell by 7,605, or 3.9 percent, to 189,467; and dropped by 11,652 year-on-year, or 5.8 percent. 

Youth unemployment rate, measuring job-seekers between 15 and 24 years old, was down to 2.1 percent in March from 2.3 percent a month earlier, with the number of young unemployed declining by 1,206, or 9.4 percent, to 11,573. Compared to March 2018, it decreased by 1,978 people, or 14.6 percent.

When adjusted for seasonal factors, the unemployment rate stood at 2.4 percent in March, unchanged from the previous month.


SECO l Rida Husna | rida@tradingeconomics.com
4/9/2019 5:55:48 AM


News

Swiss Jobless Rate Inches Lower to 2.7% in February
The Swiss unemployment rate edged down to a non-seasonally adjusted 2.7 percent in February 2019 from a ten-month high of 2.8 percent in the previous month, as the number of unemployed fell.
Published on 2019-03-07

Swiss Jobless Rate Rises to 10-Month High of 2.8%
The Swiss unemployment rate edged up to a non-seasonally adjusted 2.8 percent in January 2019 from 2.7 percent in the previous month. It was the highest jobless rate since March 2018, as the number of unemployed increased markedly.
Published on 2019-02-08

Swiss Jobless Rate Rises to 8-Month High
The Swiss unemployment rate rose to a non-seasonally adjusted 2.7 percent in December 2018 from 2.5 percent in the previous month. It was the highest jobless rate since April as the number of unemployed rose markedly.
Published on 2019-01-08

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.
Published on 2018-12-10



Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.50 2.70 5.70 1.50 percent [+]
Employed Persons 5065.00 5080.00 5080.00 3242.00 Thousand [+]
Unemployed Persons 112341.00 119473.00 206291.00 26.00 [+]
Productivity 101.99 103.70 104.72 77.83 Index Points [+]
Job Vacancies 35738.00 33488.00 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 0.50 0.80 7.80 0.10 percent [+]
Youth Unemployment Rate 2.10 2.30 5.70 1.40 percent [+]
Job Offers 72133.00 73674.00 78215.00 29043.00 [+]
Labor Force Participation Rate 68.50 68.40 68.80 66.80 percent [+]
Long Term Unemployment Rate 1.50 1.80 2.00 1.40 percent [+]
Non Farm Payrolls 5068.00 5070.00 5070.00 3841.00 Thousand [+]
Part Time Employment 1668.80 1699.40 1699.40 1064.50 Thousand [+]
Employment Change 0.50 0.30 1.20 -0.60 percent [+]
Employment Rate 80.50 79.90 81.30 76.90 percent [+]
Full Time Employment 2841.10 2776.40 2841.10 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.70 5.70 1.50 1995 - 2019 percent Monthly
NSA




Country Last Previous
South Africa 27.10 Dec/18
Spain 14.45 Dec/18
Turkey 13.50 Dec/18
Brazil 12.40 Feb/19
Italy 10.70 Feb/19
Argentina 9.10 Dec/18
France 8.80 Dec/18
Euro Area 7.80 Feb/19
Saudi Arabia 6.00 Dec/18
Canada 5.80 Mar/19
Indonesia 5.34 Sep/18
Australia 4.90 Feb/19
Russia 4.90 Feb/19
United Kingdom 3.90 Jan/19
China 3.80 Dec/18
United States 3.80 Mar/19
South Korea 3.70 Feb/19
India 3.53 Dec/18
Netherlands 3.40 Feb/19
Mexico 3.30 Feb/19
Germany 3.10 Feb/19
Switzerland 2.50 Mar/19
Japan 2.30 Feb/19
Singapore 2.20 Dec/18


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