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

On a seasonally unadjusted basis, the unemployment rate in Switzerland decreased to 3.7% in February from 3.8% in January. Analysts had expected the unemployment rate to remain unchanged at 3.8%.

The number of unemployed people in Switzerland fell by 2,227 to 161,417 in February from a month ago.

The youth unemployment rate was down to 3.6% in February from 3.8% in January.