Unemployment in Switzerland

Switzerland Unemployment | Economic News & Forecasts

Switzerland - Unemployment

The economy appears set for a softer pace of growth in the second half of 2018. Retail sales contracted in Q3 compared to the previous quarter, contrasting growth in the second quarter. This suggests that, despite a lower unemployment rate, private consumption in the third quarter could prove underwhelming when GDP data is released by the government at the end of November. In addition, although business activity in the manufacturing sector increased in Q3 based on PMI data, it decelerated from Q2. Moreover, the closely-watched KOF economic barometer, which has generally been on a downward trend since the start of the year, fell to an over two-and-a-half year low in August. Data for the fourth quarter paints a mixed picture: While the manufacturing PMI decreased to an over one-year low in October, Switzerland’s unemployment rate remained extremely low and unchanged from September’s 2.4%.

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 Yield-0.096.27 %Nov 29
Exchange Rate1.00-0.54 %Nov 29
Stock Market9,016-0.82 %Nov 29

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