Unemployment in Switzerland

Switzerland Unemployment | Economic News & Forecasts

Switzerland - Unemployment

The economy floundered in Q3 due to falling exports and weaker domestic growth, while Q4 data has thus far been mixed. The KOF economic barometer fell again in November and the unemployment rate inched up in the same month. Nevertheless, retail sales rebounded in October and the manufacturing PMI recovered in November. Meanwhile, lengthy negotiations with the EU over an institutional framework agreement, to closer align Swiss law with EU regulations, have become more contentious in recent weeks. On 7 December the Federal Council refused to approve the draft agreement, and instead vied to hold a public consultation over key objections, particularly over concerns that it would infringe upon Switzerland’s sovereignty and erode wages. In turn, the EU had previously threatened to let the Swiss stock exchange equivalence—which allows for cross-border trading—expire in January if lawmakers rejected the treaty but has recently extended the deadline to mid-2019. Failure to reach an agreement could result in the loss of substantial trading activity, which would deal a blow to the Alpine economy.

Switzerland - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate3.2  3.0  3.2  3.3  3.2  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Switzerland Unemployment Chart


Switzerland Unemployment
Note: Unemployment in % of active population.
Source: State Secretariat for Economic Affairs (SECO) and FocusEconomics calculations.

Switzerland Facts

ValueChangeDate
Bond Yield-0.236.27 %Jan 14
Exchange Rate0.98-0.54 %Jan 14
Stock Market8,760-0.82 %Jan 14

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form