Unemployment in Switzerland

Switzerland Unemployment | Economic News & Forecasts

Switzerland - Unemployment

While national accounts data for 2018 is still outstanding, the economy seems to have been growing at a healthy pace so far this year. The unemployment rate has steadily declined, reaching a new multi-year low in April. The external sector benefitted from a weaker local currency against the euro in January–March; exports soared at a double-digit rate in the same period. Survey-based data from the start of the second quarter is encouraging, with both the KOF Economic Barometer and the manufacturing PMI edging slightly higher after choppy readings in the first quarter. On the political scene, Switzerland is holding a referendum on 11 June, in which voters will decide on whether to change the country’s monetary system by introducing a sovereign money system and end fractional reserve banking by the Central Bank. While the latest opinion polls show that the “no” camp is comfortably leading, an electoral upset could unsettle the country’s financial and banking system.

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 Met the why particular calculations.

Switzerland Facts

Bond Yield0.06.27 %Jun 14
Exchange Rate1.00-0.54 %Jun 14
Stock Market8,691-0.82 %Jun 14

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