Unemployment Rate (Switzerland)
Unemployment Remained Stable in Switzerland During Lock-Downs
Starts Wednesday, July 8, 2020 at 05:45
Updated Sunday, July 5, 2020
The unemployment rate has been pretty low in Switzerland for a long time and the trend is still in decline. At the beginning of last year, unemployment stood at 3.0% in Switzerland but it kept declining as the year progressed until it fell to 2.4% in November last year. It ticked lower to 2.3% in June where it has remained for several months and it is expected to remain there again this month. But, as businesses shut down and some bankrupt, the unemployment rate climbed to 3.4% in May and is expected to increase to 3.6% in June, although, that's not high at all. Please follow us for live coverage of this event by live market analysts.
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About Unemployment Rate (Switzerland)
Percentage of the total work force that is unemployed and actively seeking employment during the previous month. Released monthly, about 9 days after the month ends. This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies. Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.