Unemployment in Switzerland

Switzerland Unemployment | Economic News & Forecasts

Switzerland - Unemployment

The economy likely remained stuck in a low gear in the third quarter. Manufacturing production contracted, restrained by a languishing German industrial sector. Moreover, service sector activity moderated in the quarter according to the industry-specific PMI. On the upside, household spending should have remained strong thanks to a rock-solid labor market and the wealth effect from a strong franc, while merchandise exports strengthened in Q3 despite the currency appreciation. Turning to Q4, the economy appears poised to improve slightly. The downturn in the manufacturing sector softened in October, with the PMI rising to a seven-month high, although it remained in contractionary territory. Moreover, the leading KOF indicator rose marginally in the same month, but continued to signal below-average growth in the months ahead.

Switzerland - Unemployment Data

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

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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

Bond Yield-0.566.27 %Nov 21
Exchange Rate0.99-0.54 %Nov 21
Stock Market10,338-0.82 %Nov 21

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