The Swiss State Secretariat for Economic Affairs released its unemployment data for Switzerland on Wednesday. The Swiss unemployment rate remained at a seasonally adjusted 3.4% in November.

On a seasonally unadjusted basis, the unemployment rate in Switzerland increased to 3.4 in November from 3.3% in October. Analysts had expected the unemployment rate to remain unchanged at 3.3%.

The number of unemployed people in Switzerland rose by 6,874 to 148,143 in November from a month earlier.

The youth unemployment rate was down to 3.3% in November from 3.5% in October.