Switzerland’s non-seasonally adjusted unemployment rate stood at 3.0% in May 2026, unchanged from April and above market expectations of 2.9%. The number of unemployed people fell by 2.6 thousand from the previous month to 140.2 thousand, although unemployment remained 9.6% higher than a year earlier. The decline in unemployment was broad-based across most cantons, with the sharpest decreases recorded in Graub