Switzerland Unemployment Rate  Forecast 2016-2020

Unemployment Rate in Switzerland is expected to be 3.50 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 3.40 in 12 months time. In the long-term, the Switzerland Unemployment Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.

Switzerland Unemployment Rate
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Unemployment Rate 3.6 3.5 3.1 3.2 3.4 3.5 percent
Switzerland Unemployment Rate Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Switzerland Unemployment Rate using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Switzerland Unemployment Rate - was last predicted on Wednesday, March 29, 2017.
Switzerland Labour Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 3.6 3.5 3.1 3.2 3.4 3.5
Employed Persons 5052 5062 5072 5084 5091 5155
Unemployed Persons 149755 150877 152911 154574 155895 160542
Productivity 98.71 98.85 98.86 98.97 98.92 98.91
Job Vacancies 11694 11171 10158 10062 9660 8572
Wages 6214 6194 6222 6251 6279 6317
Wages in Manufacturing 112 110 111 111 111 114
Population 8.33 8.25 8.28 8.3 8.33 8.64
Retirement Age Women 64 64 64 64 64 65
Retirement Age Men 65 65 65 65 65 65
Employment Change 0.5 0.2 0.5 0.65 0.36 0.48
Employment Rate 80.6 80.63 80.77 80.57 80.63 80.69
Full Time Employment 2860 2845 2850 2866 2864 2863
Non Farm Payrolls 4912 4898 4912 4926 4923 4942
Part Time Employment 1667 1689 1677 1662 1701 1744
Labor Force Participation Rate 69.5 69.63 69.53 69.58 69.61 69.66
Job Offers 52859 52414 53422 54096 53977 54250
Wage Growth 0.6 0.61 0.7 0.75 0.85 1.79