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Swiss jobless rate highest since 2021

Published on February 6, 2025

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Swiss jobless rate highest since 2021 — Unemployment rate rises to 3.0 percent in January Keystone-SDA

Generated with artificial intelligence.

The rate of unemployment has risen to 3% in Switzerland for the first time in over three years. However, seasonal factors were mainly responsible.

This content was published on February 6, 2025 - 10:57

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At the end of January, 135,773 people were registered as unemployed, as reported by the State Secretariat for Economic Affairs (Seco). Some 5,480 extra people were registered as jobless, 4.2% percent more than in December.

+ What lies ahead for Switzerland: an economic outlook for 2025External link

The Swiss unemployment rate rose from 2.8% to 3%. The last time it was this high was in December 2021. Seasonally adjusted, however, it remained at 2.7%, Seco said.

Depending on the time of year, seasonal fluctuations can influence the figures in some sectors. For example, many construction sites shut down in winter.

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Meanwhile, Seco counted 212,803 jobseekers in January. This was 3,779 or 1.8% more than in the previous month. Compared to the same month last year, this figure rose by almost 17%.

The jobseeker rate thus rose slightly by 0.1 percentage points to 4.6%.

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Translated from German with DeepL/mga

This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.

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