Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Switzerland
LRUN64TTCHQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.63
Year-over-Year Change
5.59%
Date Range
4/1/1998 - 1/1/2025
Summary
The Unemployment Rate Total: From 15 to 64 Years for Switzerland is an important economic indicator that measures the percentage of the labor force in Switzerland aged 15 to 64 who are jobless but actively seeking employment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend provides insight into the overall health and utilization of the Swiss labor market. It is closely monitored by policymakers, economists, and investors to gauge the strength of the Swiss economy and inform decision-making.
Methodology
The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Historical Context
The unemployment rate is a key input for economic policy and serves as a barometer for the broader Swiss economy.
Key Facts
- Switzerland's unemployment rate averaged 4.8% from 2010 to 2022.
- The unemployment rate reached a high of 5.2% in 2021 due to the COVID-19 pandemic.
- Switzerland has one of the lowest unemployment rates among OECD countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Swiss labor force aged 15 to 64 who are jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the health and utilization of the Swiss labor market, providing insights into the overall strength of the Swiss economy.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: The unemployment rate is a crucial input for economic policy and serves as a barometer for the broader Swiss economy, informing decision-making by policymakers, economists, and investors.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Swiss Federal Statistical Office, with minimal delays. The series may be subject to revisions and seasonal adjustments.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Switzerland (LRUN64TTCHQ156S), retrieved from FRED.