The Swiss State Secretariat for Economic Affairs released its unemployment data for Switzerland on Tuesday. The Swiss unemployment rate remained unchanged at a seasonally adjusted 3.3% in May. On a seasonally unadjusted basis, the unemployment rate in Switzerland declined to 3.2 percent in May from 3.3% in April. Analysts had expected the unemployment rate to remain unchanged at 3.3%.

The number of unemployed people in Switzerland decreased by 4,782 in May, after a 6,039 rise in April.

The youth unemployment rate was down to 2.9% in May from 3.1% in April.