Switzerland Jobless Rate Ticks Up to 2.9%

Switzerland’s non-seasonally adjusted unemployment rate was unchanged at 2.9% in November 2025, remaining at its highest level since March. The number of unemployed persons increased by 3.6 thousand from a month earlier to 138.9 thousand, the highest in four and a half years. Meanwhile, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, held steady at 3.1%, with the number of young unemployed falling by just 0.07 thousand to 13.40 thousand. At the same time, reported job vacancies dropped by 2.3 thousand to 32.7 thousand. On a seasonally adjusted basis, the jobless rate also stayed unchanged at 3.0% for the third month in a row.

Switzerland’s non-seasonally adjusted unemployment rate edged up to 2.9% in October 2025 from 2.8% in each of the previous two months, marking the highest level since March. The number of unemployed persons rose by 2.0 thousand from a month earlier to 135.2 thousand. Meanwhile, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, inched down to 3.1% from 3.2%, with the number of young unemployed falling by 0.4 thousand to 13.5 thousand. At the same time, the number of reported job vacancies declined by 2.4 thousand to 35.0 thousand. On a seasonally adjusted basis, the jobless rate held steady at 3.0%.

Switzerland’s non-seasonally adjusted unemployment rate was steady at 2.8% in September 2025, remaining at its highest level since April. The number of unemployed persons increased by 1.1 thousand from a month earlier to 133.2 thousand. The youth unemployment rate, measuring job-seekers between 15 and 24 years old, remained at 3.2%, its highest level since March 2021, with the number of young unemployed rising by only 0.2 thousand to 13.9 thousand. Meanwhile, the number of reported job vacancies dropped by 0.5 thousand to 37.4 thousand. On a seasonally adjusted basis, the unemployment rate ticked up to 3.0% in September from 2.9% in the previous month.