Fig. 1
From: Unemployment in Switzerland in the wake of the Covid-19 pandemic: an intertemporal perspective
Employment and unemployment in Switzerland, annual averages, 1913-2019. 1—Great Deflation, 2—Great Depression, 3—1st oil price shock, 4—2nd oil price shock, 5—double-dip recession, 6—dotcom bubble burst, 7—financial crisis. Sources: Unemployment: 1913-1959: Table F. 18a, Swiss Economic and Social History Online; 1960-2019: Federal Statistical Office. Employment: 1913-1947: Table F. 18a, Swiss Economic and Social History Online; 1948-2019: Federal Statistical Office. Notes: The unemployment rate measures the registered share of the labor force (= unemployed + employed) unemployed at a given time, i.e., unemployed/(unemployed + employed). In contrast to official statistics of registered unemployment, which update the denominator of the unemployment rate at irregular intervals, the unemployment rates in the chart below rest on ongoing employment figures. Since employment in Switzerland exhibited a trend increase over the period viewed here, the unemployment rates in the figure may at times lie below official figures