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Swiss unemployment above northern european average

Summary:
Switzerland is often assumed to have low unemployment. However, there are many countries in Europe with lower rates. © Miklmakmagnitka | Dreamstime.com There are several ways to measure unemployment. The official measure in Switzerland is focused on those officially registered as unemployed still collecting unemployment benefits, a measure that delivers a lower figure than the one calculated by the International Labour Organisation (ILO), which includes all those looking for work Switzerland’s official unemployment rate was 2.6% in 2018. However, the ILO rate for Switzerland was 4.9%. The overall rate for northern Europe, which includes the UK, Sweden, Norway, Ireland, Finland, Denmark and Iceland, was 4.7%, slightly below the Swiss rate of 4.9%. A fairly long list of european countries

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Switzerland is often assumed to have low unemployment. However, there are many countries in Europe with lower rates.

© Miklmakmagnitka | Dreamstime.com

There are several ways to measure unemployment. The official measure in Switzerland is focused on those officially registered as unemployed still collecting unemployment benefits, a measure that delivers a lower figure than the one calculated by the International Labour Organisation (ILO), which includes all those looking for work

Switzerland’s official unemployment rate was 2.6% in 2018. However, the ILO rate for Switzerland was 4.9%.

The overall rate for northern Europe, which includes the UK, Sweden, Norway, Ireland, Finland, Denmark and Iceland, was 4.7%, slightly below the Swiss rate of 4.9%.

A fairly long list of european countries like Germany (3.4%), Austria (4.8%), Poland (3.7%), Netherlands (3.9%), Norway (3.9%), the UK (4.0%) and the Czech Republic (2.4%), all had lower unemployment than Switzerland based on the ILO definition.

More on this:
ILO unemployment statistics (in English)

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