The State Secretariat for Economic Affairs (SECO) revealed Tuesday that Switzerland's seasonally unadjusted unemployment rate remained flat m-o-m at 3.2 percent in July.

On an adjusted basis, the unemployment rate also stood at 3 percent, unchanged from a month ago. Economists had forecast the reading to stay at 3 percent. The jobless rate remained at its lowest since October 2014.

According to the report, the number of unemployed rose by 323 persons m-o-m to 133,926 at the end of July.