Switzerland's unemployment rate rose to a seasonally adjusted 3.2 percent in May from 3.1 percent in April, data from the State Secretariat for Economic Affairs showed Monday. It was forecast to remain unchanged at 3.1 percent in May.
However, on an unadjusted basis, the rate fell to 3 percent from 3.1 percent in the previous month.
The number of unemployed decreased by 4,561 from the prior month to 131,290 at the end of May. Compared to the previous year, unemployment rose by 12,430.
At the same time, youth unemployment fell by 1,335 on month to 16,477 in May. At the end of May, registered job seekers totaled 185,012, down 5,355 from April.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.