Switzerland Unemployment Rate  Forecast 2016-2020

Unemployment Rate in Switzerland is expected to be 3.10 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 3.50 in 12 months time. In the long-term, the Switzerland Unemployment Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.

Switzerland Unemployment Rate
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Unemployment Rate 3.3 3.1 3.2 3.4 3.5 3.5 percent
Switzerland Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Switzerland Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Switzerland Unemployment Rate - was last predicted on Monday, May 29, 2017.
Switzerland Labour Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.3 3.1 3.2 3.4 3.5 3.5
Employed Persons 5052 5072 5084 5091 5098 5155
Unemployed Persons 146009 143406 140502 138132 136252 129903
Productivity 98.71 98.86 98.97 98.92 98.93 98.91
Job Vacancies 11670 13050 14656 15838 16707 19046
Wages 6214 6222 6251 6279 6276 6317
Wages in Manufacturing 112 112 112 113 113 117
Population 8.33 8.28 8.3 8.33 8.33 8.64
Retirement Age Women 64 64 64 64 64 65
Retirement Age Men 65 65 65 65 65 65
Employment Change 0 0.55 0.37 0.34 0.18 0.41
Employment Rate 81.3 81.43 81.25 81.51 81.53 81.68
Full Time Employment 2860 2850 2866 2864 2853 2863
Non Farm Payrolls 4884 4899 4923 4926 4897 4933
Part Time Employment 1667 1677 1662 1701 1714 1744
Labor Force Participation Rate 69.5 69.53 69.58 69.61 69.65 69.66
Job Offers 51896 53555 53464 52962 53276 53491
Wage Growth 0.7 0.76 0.81 0.85 0.88 0.98