Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Switzerland
LFHUADTTCHA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168,725.00
Year-over-Year Change
5.12%
Date Range
1/1/2005 - 1/1/2022
Summary
The Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Switzerland trend measures the monthly unemployment rate for the Swiss population aged 25 and above. This key economic indicator provides insights into Switzerland's labor market conditions and is closely watched by policymakers.
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 represents the harmonized monthly unemployment rate for Switzerland, calculated using standardized OECD methodology. It is a widely referenced metric for assessing the health of the Swiss economy and labor force.
Methodology
The data is collected through household surveys and compiled by the Swiss Federal Statistical Office.
Historical Context
Policymakers and analysts use this trend to monitor the Swiss economy and inform economic and labor market policies.
Key Facts
- Switzerland's harmonized unemployment rate averaged 4.5% in 2022.
- The unemployment trend reached a peak of 5.2% during the COVID-19 pandemic in 2020.
- Switzerland's labor market is considered one of the most flexible and efficient in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly harmonized unemployment rate for the Swiss population aged 25 and above, providing insights into the country's labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The harmonized unemployment rate is a key economic indicator that is closely monitored by policymakers, economists, and market analysts to assess the health of the Swiss economy and labor force.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Swiss Federal Statistical Office using standardized OECD methodology.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the Swiss economy and inform economic and labor market policies, such as employment initiatives and macroeconomic adjustments.
Q: Are there update delays or limitations?
A: The data is typically published with a short delay, and the methodology may be subject to periodic revisions by the OECD.
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Citation
U.S. Federal Reserve, Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Switzerland (LFHUADTTCHA647N), retrieved from FRED.