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FX.co ★ Switzerland Jobless Rate Steady at 3% for 3rd Month

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typeContent_19130:::2026-11-05T08:19:28

Switzerland Jobless Rate Steady at 3% for 3rd Month

Switzerland’s non-seasonally adjusted unemployment rate held steady at 3.0% for the third consecutive month in October 2026. The number of unemployed rose by 535 from the previous month to 141,015.

Among the cantons, the largest increases in unemployment were recorded in Wallis (+327), Bern (+300), and Graubünden (+204), while Waadt registered the largest decline (-250).

By sector, services saw the strongest rise in unemployment (+696), followed by agriculture, forestry, and fishing (+116). In contrast, unemployment in industry declined (-115).

The jobless rate among young people aged 15 to 24 eased to 3.2%, down from 3.3% in September, as the number of unemployed youth fell by 679 to 13,667. For workers aged 50 to 64, the unemployment rate inched up to 2.7% from 2.6%, with the number of unemployed in this age group increasing by 239 to 38,721.

The number of registered job seekers fell by 3,737 to 40,462. On a seasonally adjusted basis, the unemployment rate remained at 3.1% for the seventh consecutive month.

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