In January 2015, when the Swiss National Bank stopped its attempt to keep the Swiss franc to Euro exchange rate at 1.20, the Swiss currency quickly rose beyond parity. To soften the economic shock, Switzerland’s government allowed working hours to be extended with no extra pay and working hours and pay to be cut. Since January 2015 the Swiss franc has weakened against the euro reaching nearly 1.20 earlier this month. The unemployment rate across Switzerland was 2.7% in April 2018 – using the broader International Labour Organisation rate it was 5.2%. In January 2015, Swiss unemployment was 3.5%.

Source: Le News May 31, 2018 12:45 UTC