Switzerland Unemployment Rate

The unemployment rate in Switzerland was last reported at 3.1 percent in April of 2012. Historically, from 1995 until 2012, Switzerland Unemployment Rate averaged 3.3700 Percent reaching an all time high of 5.4000 Percent in March of 1997 and a record low of 1.6000 Percent in November of 2000. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Switzerland Unemployment Rate.

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Swiss Unemployment Rate at 2.9% in October
Published on 11/7/2011 1:35:54 PM | By TradingEconomics.com, Federal Statstical Office

Switzerland's unemployment rate rose from 2.8 to 2.9 percent in October, State Secretariat for Economic Affairs (Seco) reported on November 7.

A total of 3,834 people registered with employment offices around the country in October, a figure much higher than the 383 that did so in September.

This is the first time that Switzerland's jobless rate has risen since January 2010, when unemployment peaked at 4.5 percent due to the global economic and financial crisis. Since then, the country had been recovering steadily.

In recent weeks, some of the largest companies in Switzerland have announced job cuts, including Novartis, Roche, Credit Suisse and UBS, with the strong Swiss franc putting a dent in profits.

Unemployment Rate
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 terms are the labour force, the participation rate and the employment rate. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The non-labour force includes those who are not looking for work, those who are institutionalised such as in prisons or psychiatric wards, stay-at home spouses, children, and those serving in the military. The participation rate is the number of people in the labour force divided by the population of working age that is not institutionalised. The employment rate is defined as the number of people currently employed divided by the population of working age.

SWITZERLAND NEWS

Swiss Trade Surplus Narrows in April
Published: 5/24/2012 3:36:57 PM By: TradingEconomics.com, Federal Customs Administration
Switzerland's trade surplus fell unexpectedly in April due to a fall in exports, the Federal Customs Administration reported.

Swiss Trade Surplus Widens in February
Published: 3/22/2012 12:50:26 PM By: TradingEconomics.com
Switzerland's trade surplus reached 2.7 billion francs in February, up from the 1.6 billion francs in January, with the watch industry leading export growth.

Swiss National Bank Keeps Minimum Exchange Rate Unchanged
Published: 3/15/2012 5:18:30 PM By: TradingEconomics.com, SNB
The Swiss National Bank will continue to enforce the minimum exchange rate of CHF 1.20 per euro with the utmost determination. It is prepared to buy foreign currency in unlimited quantities for this purpose. The target range for the three-month Libor will remain unchanged at 0.00–0.25%. The SNB will continue to maintain liquidity on the money market at an exceptionally high level.

Swiss Inflation Falls In February
Published: 3/8/2012 12:34:56 PM By: TradingEconomics.com, Swiss Federal Statistical Office
Consumer prices in Switzerland fell 0.9 percent year-on-year in February, after 0.8 percent decline in January. In February 2011, prices rose 0.5 percent on an yearly basis.

Swiss Economy Expands In Q4
Published: 3/1/2012 11:38:28 AM By: TradingEconomics.com, Bloomberg
The Swiss economy unexpectedly expanded in the fourth quarter, bolstered by strong private consumption, foreign trade and gross fixed investments.

Swiss Exports Declines in December
Published: 2/2/2012 2:55:20 PM By: TradingEconomics.com, ABS
Exports from Switzerland fell in December, hurt by turmoil in the Euro Zone which slashed demand for Swiss goods and drove the franc currency to unfavorably strong levels as investors looked for a safe place to park their money.

Swiss Trade Surplus Rises In November
Published: 12/20/2011 1:58:45 PM By: TradingEconomics.com, Federal Customs Administration
The Swiss trade surplus hit CHF 3 billion in November, the second largest on record, up from CHF 2.16 billion during October.

SNB Holds Franc Peg at 1.20 to the Euro
Published: 12/15/2011 12:52:14 PM By: TradingEconomics.com, SNB
The Swiss National Bank kept the minimum floor unchanged at 1.20 Swiss francs against the euro, even as it warned of a highly uncertain international economic outlook, saying that a further escalation of the European sovereign debt crisis can't be ruled out.

Swiss Inflation Rate Declines in November
Published: 12/6/2011 12:36:39 PM By: TradingEconomics.com, SECO
The Swiss consumer price index fell 0.2% on the month, and 0.5% on the year in November, as the strong franc pushed automobile and food costs lower, outweighing higher energy and accommodation costs.

Swiss GDP Growth Slows to 0.2% in Q3
Published: 12/1/2011 1:42:47 PM By: TradingEconomics.com, Bloomberg
Switzerland’s economy grew at the slowest pace in more than two years in the third quarter as companies cut spending and exports slumped.

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