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The Swiss State Secretariat for Economic Affairs released its unemployment data for Switzerland on Thursday. The Swiss unemployment rate remained unchanged at a seasonally adjusted 3.5% in May.
On a seasonally unadjusted basis, the unemployment rate in Switzerland decreased to 3.3% from 3.5% in April. Analysts had expected the unemployment rate to remain unchanged at 3.5%.
The number of unemployed people in Switzerland fell by 4,762 to 144,778 in May from the previous month.
The youth unemployment rate was down to 3.0% in May from 3.2% in April.
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