The Swiss unemployment rate increased to a non-seasonally adjusted 3.5 percent in December 2020, the highest since January 2017, from 3.3 percent in the previous month and beating market consensus of 3.4 percent. The number of unemployed people rose by 10,275, or 6.7 percent, to 163,545. Meantime, youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 3.4 percent from 3.3 percent, with the number of young unemployed increasing by 204, or 1.2 percent, to 17,694. Adjusted for seasonal factors, the unemployment rate came in at 3.4 percent in November, unchanged from the previous month. source: State Secretariat for Economic Affairs
Unemployment Rate in Switzerland averaged 3.21 percent from 1995 until 2020, 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 February of 2021.
Unemployment Rate in Switzerland is expected to be 4.50 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 3.60 in 12 months time. In the long-term, the Switzerland Unemployment Rate is projected to trend around 3.20 percent in 2022, according to our econometric models.