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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland Employment Level fell to 4.12M in February 2013
FMPMonthlyReleased February 2013
Switzerland Employment Level fell to 4.12M in February 2013, down 0.01M from January's 4.12M reading. The reading matched the 4.11M consensus.
Latest Release
4.116
Actual
4.107
Consensus
4.122
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Employment Level (Switzerland) was reported at 5.70 million in August 2026. The reading rose from the previous value of 5.54 million. Trailing 12-month context per ETL data through August 2026. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 5.59 million, up from the prior three at 5.53 million.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Sep 17) and SECO Economic Forecasts (Sep 17).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Employment Level - CH
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About Employment Level — Switzerland
DEFINITION
Employment Level is a key financial indicator that measures the total number of individuals currently employed in a given economy. It provides valuable insights into the health and strength of the labor market, as well as the overall economic conditions. A high employment level is typically associated with a strong economy, while a low employment level may indicate a struggling economy. This indicator is closely monitored by policymakers, investors, and businesses as it can impact consumer spending, inflation, and overall economic growth.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 5.698 M. Prior reading (Jan 2026): 5.537 M. Before that (Oct 2025): 5.544 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.
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Economic Calendar - CH Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:30 | CH | Producer Price Index YoY | -0.7 | -2.1 | -1.3 | -1.00 | Low |
| 06:30 | CH | Producer Price Index MoM | 0.7 | -0.1 | 0.1 | 0.05 | Low |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 06:00 | CH | Balance of Trade | 8.1 | 7.5 | 7.50 | Medium | |