ILO indicates 5% unemployment rate in Switzerland

Unemployment as defined by the International Labour Organisation (ILO) increased to 5.2% in Switzerland in the third quarter of the year. +Get the most important news from Switzerland in your inbox For young people, the rate is more than double and foreigners also show a high level. Switzerland thus has a higher unemployment rate than many European countries, Germany first and foremost. + How inflation and global uncertainty affect Swiss wages As far as the total number of workers is concerned, there was an increase of 0.5 points compared to the April-June period and 0.3 points year-on-year. Concretely, there were 261,000 unemployed in the period under review, i.e. 10.2% more than in the second quarter and 8.0% more than in the same period of 2024. At the level of age groups, the rate of 10.5% (+2.9 points quarterly, -0.4 points annually) for 15-24 year-olds stands out in particular, while joblessness is lower among 50-64 year-olds, who score 3.4% (-0.1 and +0.2 points). There are ...