Long Term Unemployment Rate in Switzerland decreased to 1.40 percent in the second quarter of 2020 from 1.50 percent in the first quarter of 2020.

Long Term Unemployment Rate in Switzerland averaged 1.63 percent from 2010 until 2020, reaching an all time high of 2 percent in the third quarter of 2015 and a record low of 1.20 percent in the fourth quarter of 2019. This page provides - Switzerland Long Term Unemployment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Long Term Unemployment Rate - values, historical data and charts - was last updated on October of 2020.

Long Term Unemployment Rate in Switzerland is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Switzerland to stand at 1.80 in 12 months time. In the long-term, the Switzerland Long Term Unemployment Rate is projected to trend around 1.70 percent in 2021 and 1.60 percent in 2022, according to our econometric models.

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Switzerland Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.50 2.00 1.20 2010 - 2020 percent Quarterly
NSA

Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 3.30 5.70 1.50 percent [+]
Employed Persons 5005.00 5129.00 5129.00 3242.00 Thousand [+]
Unemployed Persons 148560.00 151111.00 206291.00 26.00 [+]
Productivity 94.78 99.96 104.72 77.83 points [+]
Job Vacancies 31688.00 30702.00 37714.00 6062.00 [+]
Wages 6304.00 6248.00 6304.00 5082.00 CHF/Month [+]
Wages in Manufacturing 112.90 112.40 113.20 100.00 points [+]
Population 8.54 8.48 8.54 5.30 Million [+]
Retirement Age Women 64.00 64.00 64.00 63.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Job Offers 61101.00 67002.00 83600.00 29043.00 [+]
Labor Force Participation Rate 68.10 68.10 68.80 66.80 percent [+]
Long Term Unemployment Rate 1.40 1.50 2.00 1.20 percent [+]
Youth Unemployment Rate 3.60 3.90 5.70 1.40 percent [+]
Non Farm Payrolls 5095.00 5132.00 5159.00 3841.00 Thousand [+]
Part Time Employment 1721.40 1722.40 1740.50 1064.50 Thousand [+]
Wage Growth 0.90 0.50 7.80 0.10 percent [+]
Employment Change -2.40 0.40 1.30 -2.40 percent [+]
Employment Rate 79.10 80.40 81.30 76.90 percent [+]
Full Time Employment 2746.40 2816.40 2841.10 2628.90 Thousand [+]


Switzerland Long Term Unemployment Rate
In Switzerland, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.