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The Swiss State Secretariat for Economic Affairs released its unemployment data for Switzerland on Tuesday. The Swiss unemployment rate remained at a seasonally adjusted 3.4% in January.
On a seasonally unadjusted basis, the unemployment rate in Switzerland increased to 3.8% in January from 3.7 in December. Analysts had expected the unemployment rate to remain unchanged at 3.7%.
The number of unemployed people in Switzerland rose by 5,015 to 163,644 in January from a month earlier.
The youth unemployment rate was up to 3.8% in January from 3.7% in December.
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