Unemployment in Switzerland

Switzerland Unemployment | Economic News & Forecasts

Switzerland - Unemployment

The economy appeared to recover robustly in Q3 from Q2’s downturn as restrictions on activity at home were lifted. The KOF Economic Barometer hit a ten-year high in September amid positive signs from the manufacturing and hospitality sectors. Moreover, both the manufacturing and services PMIs rose throughout the quarter, and retail sales were solid in July and August. However, the recovery could be slowing heading into Q4. External demand is likely suffering from fresh lockdown measures abroad, and the federal government limited public gatherings in mid-October amid a surge in new Covid-19 cases. Moreover, although domestic restrictions remain laxer than in many European neighbors, stricter measures could be on the way, while the second wave of cases could dampen consumer confidence and domestic demand.

Switzerland - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate3.2  3.3  3.1  2.6  2.3  

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Switzerland Unemployment Chart

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

Switzerland Facts

Value Change Date
Bond Yield-0.516.27 %Jan 01
Exchange Rate0.97-0.54 %Jan 01

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