The Swiss unemployment rate dropped to a non-seasonally adjusted 2.1 percent in May 2022 from 2.3 percent in the prior month, pointing to the lowest reading since September 2019. The number of unemployed people declined by 6,387, or 6.1 percent to 98,004. Meantime, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, inched lower to 1.5 percent in May, the lowest since June 2001, with the number of young unemployed falling by 444, or 5.2 percent to 8,090. Adjusted for seasonal factors, the unemployment rate was at 2.2 percent in May, the same as in the previous two months.. source: State Secretariat for Economic Affairs
Unemployment Rate in Switzerland averaged 3.19 percent from 1995 until 2022, 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 2022.
Unemployment Rate in Switzerland is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Switzerland Unemployment Rate is projected to trend around 2.80 percent in 2023, according to our econometric models.