Switzerland Unemployment Rate

Unemployment Rate in Switzerland decreased to 3.30 percent in March of 2014 from 3.50 percent in February of 2014. Unemployment Rate in Switzerland is reported by the State Secretariat for Economic Affairs. Unemployment Rate in Switzerland averaged 3.35 Percent from 1995 until 2014, reaching an all time high of 5.40 Percent in March of 1997 and a record low of 1.60 Percent in November of 2000. 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. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.30 3.50 5.40 1.60 3.40 | 2014/04 1995 - 2014 Percent Monthly

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Switzerland Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-10 06:45 AM Switzerland
Unemployment Rate
Dec 2013 3.5% 3.2% 3.4% 3.2%
2014-02-10 06:45 AM Switzerland
Unemployment Rate
Jan 2014 3.5% 3.5% 3.6% 3.6%
2014-03-07 06:45 AM Switzerland
Unemployment Rate
Feb 2014 3.5% 3.5% 3.5% 3.7%
2014-04-08 06:45 AM Switzerland
Unemployment Rate
Mar 2014 3.3% 3.5% 3.3% 3.4%
2014-05-07 06:45 AM Switzerland
Unemployment Rate
Apr 2014 3.3% 3.4%
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Labour Last Previous Highest Lowest Forecast Unit
Population 7.95 2012-12-31 7.87 7.95 5.36 8.03 2013-12-31 Million [+]
Employed Persons 4883.00 2013-11-15 4836.00 4883.00 3242.00 4879.57 2014-03-31 Thousand [+]
Job Vacancies 13630.00 2014-03-15 13383.00 22574.00 6086.00 13730.22 2014-04-30 [+]
Productivity 108.08 2013-11-15 108.95 110.03 87.32 108.81 2014-03-31 Index Points [+]
Unemployed Persons 137367.00 2014-02-15 138504.00 195385.00 -4371.00 137450.65 2014-03-31 [+]
Wages 305.00 2012-06-29 301.00 305.00 121.00 305.28 2012-12-31 Index Points [+]
Wages in Manufacturing 106.50 2010-06-30 106.70 106.70 100.00 106.69 2010-12-31 Index Points [+]
Retirement Age Men 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Retirement Age Women 64.00 2013-01-01 64.00 64.00 63.00 64.00 2013-12-31 [+]
Unemployment Rate 3.30 2014-03-31 3.50 5.40 1.60 3.40 2014-04-30 Percent [+]
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Swiss Unemployment Rate Falls in March

Swiss unadjusted jobless rate decreased to 3.3 percent in March of 2014 from 3.5 percent in the previous month.

In March, there were 142846 people registered as unemployed at the regional employment centers, less 6413 persons than in the previous month, but 3853 more persons (+2.8 percent) compared to the corresponding month of the previous year.

Youth unemployment (15 to 24-year-old) decreased by 1565 persons (-8.1 percent) to 17854. Compared to the same month last year, it decreased by 948 persons (-5.0 percent). 

A total of 199911 job seekers were registered, 6023 less than in the previous month. Compared to the same period last year, this figure rose 2.9 percent. The number of job vacancies increased by 699 to 14741 places.

According to preliminary data provided by the unemployment funds, 3742 people have exhausted their entitlements to unemployment insurance in the month of January of 2014.

SECO | Joana Taborda | joana.taborda@tradingeconomics.com
4/8/2014 10:18:51 AM

RECENT RELEASES

Swiss Unemployment Rate Flat at 3.5%
Switzerland’s unadjusted jobless rate remained steady at 3.5 percent in February for the second straight month. A year earlier, the unemployment rate was recorded at 3.4 percent. Published on 2014-03-07

Swiss Unemployment Rate Stable in January
Switzerland’s unemployment rate remained unchanged at 3.5 percent in January of 2014. The number of job seekers rose by 2975 to 208777. Compared to the same period last year, the number of unemployed persons rose by 7000. Published on 2014-02-10


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


RELATED NEWS

Swiss Unemployment Rate Falls in March  
Swiss unadjusted jobless rate decreased to 3.3 percent in March of 2014 from 3.5 percent in the previous month.
Swiss Inflation Rate Unchanged in March  
Switzerland’s annual inflation rate was recorded at 0.0 percent in March of 2014, after falling 0.1 percent in the previous month. On a monthly basis, prices recorded the highest increase in twelve months.
Swiss Trade Surplus Widens for the Second Straight Month  
Switzerland’s trade surplus increased to CHF 2.6 billion, up from CHF 2.5 billion in the previous month and CHF 1.95 billion a year earlier, boosted by higher exports of chemicals and pharmaceuticals and the strongest growth in sales to China in three years.
Swiss National Bank Keeps Minimum Exchange Rate  
In its March 20th, 2014 meeting, the Swiss Bank left the target range for the Swiss Franc Libor unchanged at 0.0–0.25 percent, maintaining its minimum exchange rate of CHF 1.20 per euro, as no upside risks to the consumer prices are expected in the near future. The Bank also cut its forecast for inflation this year and 2015.
Swiss Inflation Rate Down to 4-Month Low  
In February of 2014, Swiss annual inflation rate fell 0.1 percent after growing 0.1 percent in each of previous three months. A year earlier, prices dropped 0.3 percent. Compared with the previous month, inflation rose to 0.1 percent.
Swiss Unemployment Rate Flat at 3.5%  
Switzerland’s unadjusted jobless rate remained steady at 3.5 percent in February for the second straight month. A year earlier, the unemployment rate was recorded at 3.4 percent.
Swiss GDP Growth Slows in Q4  
In the fourth quarter of 2013, Switzerland’s economic growth slowed to 0.2 percent over the previous three-month period, the lowest rate in six quarters, hurt by a fall in exports due to weak global demand for chemical and pharmaceutical products.
Swiss Trade Surplus Widens in January  
In January of 2014, Switzerland’s trade surplus increased to CHF 2.59 billion, the highest surplus in the last eight months, boosted by higher exports. The chemicals and pharmaceuticals industry generated half of the export growth.
Swiss Inflation Rate Stable at 0.1% in January  
In January of 2014, Switzerland’s annual inflation rate was recorded at 0.1 percent for the third straight month. On a monthly basis, prices fell for the second month in a row by 0.3 percent, as cost of imported products declined 1.3 percent.
Swiss Unemployment Rate Stable in January  
Switzerland’s unemployment rate remained unchanged at 3.5 percent in January of 2014. The number of job seekers rose by 2975 to 208777. Compared to the same period last year, the number of unemployed persons rose by 7000.
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