In this paper, vulnerability to unemployment is conceptualised as an individual's latent risk of experiencing unemployment at a given point in time. The aim of the paper is to describe individual trajectories of vulnerability to unemployment in the medium term during the Great Recession in relation to individual characteristics using longitudinal panel data. Individual-level data allows us to take into account both within- and between-individual differences in the evolution of vulnerability to unemployment. This allows us to go beyond investigating aggregate labour market outcomes and focus on how individuals were able to cope with a generalised increase in the risk of unemployment. The paper highlights differences in the evolution of vulnerability to unemployment in the UK and Switzerland.