Unemployment Rate in Switzerland remained unchanged at 2.80 percent in May. This dataset provides - Switzerland Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Switzerland Unemployment Rate: % Change data was reported at -20.813 % in Jul 2018. This records a decrease from the previous number of -20.227 % for Jun 2018. Switzerland Unemployment Rate: % Change data is updated monthly, averaging -2.564 % from Jan 1994 (Median) to Jul 2018, with 295 observations. The data reached an all-time high of 64.706 % in Sep 2002 and a record low of -34.694 % in Sep 1998. Switzerland Unemployment Rate: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Switzerland – Table CH.IMF.IFS: Labour Force, Employment and Unemployment.

Switzerland Unemployment Rate: % Change over Previous Period data was reported at -0.494 % in Jul 2018. This records an increase from the previous number of -2.571 % for Jun 2018. Switzerland Unemployment Rate: % Change over Previous Period data is updated monthly, averaging 0.000 % from Feb 1993 to Jul 2018, with 306 observations. The data reached an all-time high of 14.286 % in Dec 2001 and a record low of -12.500 % in Mar 1993. Switzerland Unemployment Rate: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Switzerland – Table CH.IMF.IFS: Labour Force, Employment and Unemployment.

The statistic shows the unemployment rate in Switzerland from 1999 to 2023. In 2023, Switzerland's unemployment rate amounted to around 4.04 percent. Switzerland's economy Due to a fairly prosperous and stable economy, Switzerland has essentially become the world’s investment safe haven over the past several decades and one of the globally leading economical leaders. Switzerland primarily thrives due to its services sector, which partially profits from large amounts of tourism, as well as from its manufacturing sector. Due to the country’s low population, Switzerland has simultaneously maintained a low unemployment rate. The majority of employed workers in the country possess a relatively high level of education and are specialized, which essentially allows for the country to offer high end jobs with higher wages, and often guarantees a higher level of productivity and efficiency. As a result, Swiss adults have on average the most amount of money compared to the average amount around the world, beating out countries such as the United States. Despite experiencing the early 2000s recession, 2008 global financial crisis as well as the Eurozone crisis, Switzerland has still sustained a high production of goods and services within the country, being ranked as one of the most efficient and productive countries in the world). Additionally, Swiss households are made up of one of the highest percentages of millionaires in the world, which is made possible by the country’s low tax rates.

The unemployment rate in Switzerland stands at 4.7 percent according to the latest data from . That reading shows no change from the level of 4.7 percent in the previous month and an increase from the level of 4.2 percent in the same month of the previous year. The unemployment rate data in...

In 2024, the average unemployment rate in Switzerland was 2.6 percent for men and 2.3 percent for women. This was an increase for both men and women compared to the previous year.

Switzerland youth unemployment rate for 2023 was 8.00%, a 0.5% increase from 2022.

<ul style='margin-top:20px;'>

<li>Switzerland youth unemployment rate for 2022 was <strong>7.50%</strong>, a <strong>1.32% decline</strong> from 2021.</li>
<li>Switzerland youth unemployment rate for 2021 was <strong>8.82%</strong>, a <strong>0.22% increase</strong> from 2020.</li>
<li>Switzerland youth unemployment rate for 2020 was <strong>8.60%</strong>, a <strong>0.61% increase</strong> from 2019.</li>
</ul>Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment.

The youth unemployment rate in Switzerland saw no significant changes in 2024 in comparison to the previous year 2023 and remained at around 7.94 percent. However, 2024 marked the second consecutive increase of the youth unemployment rate. The youth unemployment rate refers to the share of the economically active population aged 15 to 24 currently without work but in search of employment. The youth unemployment rate does not include economically inactive persons such as the long-term unemployed or full-time students.Find more statistics on other topics about Switzerland with key insights such as labor participation rate among the total population aged between 15 and 64.

The average unemployment rate in Switzerland in 2024 was at 2.4 percent, according to the national definition (SECO)*. This was an increase compared to the previous year when the unemployment rate was at 2 percent and the lowest rate within this specific timeframe.

Switzerland Unemployment: % Change over Previous Period data was reported at -4.135 % in 2017. This records a decrease from the previous number of 4.557 % for 2016. Switzerland Unemployment: % Change over Previous Period data is updated yearly, averaging -1.435 % from Dec 1949 (Median) to 2017, with 69 observations. The data reached an all-time high of 4,508.648 % in 1975 and a record low of -65.036 % in 1964. Switzerland Unemployment: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Switzerland – Table CH.IMF.IFS: Labour Force, Employment and Unemployment: Annual.

Switzerland Unemployment: % Change over Previous Period data was reported at -20.720 % in Jun 2018. This records a decrease from the previous number of 1.130 % for Mar 2018. Switzerland Unemployment: % Change over Previous Period data is updated quarterly, averaging 2.210 % from Jun 1957 (Median) to Jun 2018, with 245 observations. The data reached an all-time high of 707.234 % in Dec 1974 and a record low of -91.015 % in Jun 1963. Switzerland Unemployment: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Switzerland – Table CH.IMF.IFS: Labour Force, Employment and Unemployment: Quarterly.

In 2023, the skilled labor index in the sector of information and communication stood at 181 points, signalling an increase in labor demand of around 81 percent compared to 2010. The higher the index, the greater the shortage of skilled workers. The index summarizes the degree of coverage (whether the jobs in an occupation can generally be filled by suitably qualified workers), the immigration rate, the unemployment rate ad the vacancy rate into one indicator.

In 2023, the skilled labor index in Switzerland reached 138 points, signalling an increase in demand compared to 2010. This was also an increase compared to 2022 when the index was at 135 points. The index combines the degree of coverage (whether the jobs in an occupation can generally be filled by suitable qualified workers), the immigration rate, the unemployment rate and the vacancy rate into one indicator.

The labor participation rate among the total population aged between 15 and 64 in Switzerland saw no significant changes in 2024 in comparison to the previous year 2023 and remained at around 84.02 percent. However, 2024 marked the second consecutive increase of the labor participation rate. The labor force participation rate is the share of people aged 15 and over who are economically active (i.e. employed or actively searching for work). It is calculated by dividing the economically active population aged 15 and over by the total population aged 15 and over.Find more statistics on other topics about Switzerland with key insights such as youth unemployment rate.

Since the oil price shock in 1974 unemployment increased significantly and also did not really decline in periods of economic upswings in Europe. This is especially the case for the countries of the European Union; therefore we face a special need for explanation. Looking at the member states on finds considerable differences. Since 1977 the unemployment rate within the EU is higher than the average unemployment rate of all OECD countries. The economic upswing in the second half of the 80s relaxed the labor market but nevertheless the unemployment rate remained on a high level. This study deals with the development of unemployment between 1974 and 1993 in four different G7 countries: Germany, France, Great Britain and Italy.

Besides the common trend of an increasing unemployment rate, there are significantly different developments within the four countries. The analysis is divided in two parts: the first part looks at the reasons for the increase in unemployment in the considered countries; the second part aims to explain the difference between the developments of unemployment during economic cycles in the different countries.

After the description of similarities and differences of labor markets in the four countries it follows a long term analysis based on annual data as well as a short and medium term analysis on quarterly data. This is due to the fact that short and medium term developments are mainly influenced by cyclical economic developments but long term developments are mainly influenced by other factors like demographical and structural changes. A concrete question within this framework is if an increase in production potential can contribute to a decrease in unemployment.

For the long term analysis among others the Hysteresis-hypothesis (Hysteresis = Greek: to remain; denotes the remaining effect; in this context: remaining of unemployment) used for the explanation of the persistence of a high unemployment rate.

According to this approach consisting unemployment is barely decreased after economic recovery despite full utilization of capacity. According to the Hysteresis-hypothesis there are two reasons for this. The first reason is that for long term unemployed the abilities to work and the qualification level decreased, their human capital is partly devalued. The second reason is that employees give up wage restraint, because they do not fear unemployment anymore and therefore enforce higher real wages. Besides economic recovery companies are not willing to hire long term unemployed with a lower expected productivity for the higher established tariff wages. In the context of the empirical investigation a multiple explanatory approach is chosen which takes supply side and demand side factors into consideration.

The short and medium term analysis refers to Okun´s law (=an increase in the unemployment rate is connected with a decrease of the GDP; if the unemployment rate stays unchanged, the GDP grows with 3% p.a.) and aims to analyze more detailed the reactions of unemployment to economic cycles. A geometrical lag-model is compared with a lag-model ager Almon. This should ensure a precise as possible analysis of the Okun´s relations and coefficients.

Register of tables in HISTAT:

A.: Unemployment in the European G7 countries B.: Analysis of unemployment in the Federal Republic of Germany C.: Basic numbers: International comparison

A.: Unemployment in the European G7 countries A.1. Determinates of unemployment in the EU, Germany (1974-1993) A.2. Determinates of unemployment in the EU, France (1974-1993) A.3. Determinates of unemployment in the EU, Great Britain (1974-1993) A.4. Determinates of unemployment in the EU, Italy (1974-1993)

B: Analysis of unemployment in the Federal Republic of Germany B.1. Growth of unemployment in the Federal Republic of Germany (1984-1991) B.2. Output and unemployment in the Federal Republic of Germany (1961-1990)

C: Basic numbers: International comparison C.1. Unemployment in EU countries, the USA, Japan and Switzerland (1960-1996) C.2. Gainful employments in EU countries, the USA, Japan and Switzerland (after inland and residency concept) (1960-1996) C.3. Employees in EU countries, the USA and Japan (1960-1996) C.4. Population in EU countries, the USA and Japan (1960-1996)

Switzerland Unemployment Rate: Secondary Education data was reported at 8.587 % in Sep 2018. This records an increase from the previous number of 7.095 % for Jun 2018. Switzerland Unemployment Rate: Secondary Education data is updated quarterly, averaging 8.433 % from Mar 2010 (Median) to Sep 2018, with 35 observations. The data reached an all-time high of 10.921 % in Sep 2015 and a record low of 6.563 % in Dec 2014. Switzerland Unemployment Rate: Secondary Education data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.G019: Unemployment Rate: Labour Force Survey: Quarterly.

Switzerland Registered Unemployment Rate: Age 30 to 34 data was reported at 2.900 % in Nov 2018. This records an increase from the previous number of 2.800 % for Oct 2018. Switzerland Registered Unemployment Rate: Age 30 to 34 data is updated monthly, averaging 3.700 % from Jan 1990 (Median) to Nov 2018, with 347 observations. The data reached an all-time high of 7.300 % in Feb 1997 and a record low of 0.500 % in Jun 1990. Switzerland Registered Unemployment Rate: Age 30 to 34 data remains active status in CEIC and is reported by State Secretariat for Economic Affairs. The data is categorized under Global Database’s Switzerland – Table CH.G023: Registered Unemployment Rate: by Age.

Switzerland Registered Unemployment Rate: Age 50 and Above data was reported at 2.300 % in Nov 2018. This records an increase from the previous number of 2.200 % for Oct 2018. Switzerland Registered Unemployment Rate: Age 50 and Above data is updated monthly, averaging 2.800 % from Jan 1990 (Median) to Nov 2018, with 347 observations. The data reached an all-time high of 5.000 % in Mar 1997 and a record low of 0.400 % in Oct 1990. Switzerland Registered Unemployment Rate: Age 50 and Above data remains active status in CEIC and is reported by State Secretariat for Economic Affairs. The data is categorized under Global Database’s Switzerland – Table CH.G023: Registered Unemployment Rate: by Age.

Unemployment Rate data was reported at 2.789 % in Mar 2025. This records an increase from the previous number of 2.725 % for Feb 2025. Unemployment Rate data is updated monthly, averaging 3.054 % from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 5.387 % in Jun 1997 and a record low of 0.439 % in Apr 1990. Unemployment Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Switzerland – Table CH.World Bank.GEM: Unemployment Rate.

SECO Forecast: Unemployment Rate: YoY data was reported at 2.600 % in 2020. This records an increase from the previous number of 2.400 % for 2019. SECO Forecast: Unemployment Rate: YoY data is updated yearly, averaging 3.200 % from Dec 2012 (Median) to 2020, with 9 observations. The data reached an all-time high of 3.300 % in 2016 and a record low of 2.400 % in 2019. SECO Forecast: Unemployment Rate: YoY data remains active status in CEIC and is reported by State Secretariat for Economic Affairs. The data is categorized under Global Database’s Switzerland – Table CH.G020: Unemployment Rate: Forecast: State Secretariat for Economic Affairs.