Long-term unemployment continues to fall

Trends

  • The total number of jobseekers decreased
  • The number of unemployed jobseekers decreased by 43,000 compared to the year before
  • Services included in the activation rate had 5,000 more people than a year ago
  • 1,000 new job vacancies more compared to last year

Long-term unemployment continues to fall

A total of 232,100 unemployed jobseekers were registered at the Employment and Ecoomic Development Offices at the end of September. This was 43,500 fewer than a year earlier. The number of unemployed jobseekers was down by 11,200 from the previous month. These figures are from the Employment Bulletin of the Ministry of Economic Affairs and Employment.

The number of long-term unemployed — that is those who had been unemployed without interruption for at least a year — amounted to 70,300, down 27,900 on the previous year. The number of unemployed jobseekers over 50 years of age was 88,500, or 17,900 fewer than at the same time a year earlier.

Unemployed jobseekers under 25 years of age numbered 29,100, representing a decrease of 4,300 from September last year. Among unemployed young people, the period of unemployment ended within three months on average in 68.5% of cases between January and September, which is 3.4 percentage points more than the year before.

Slight increase in new vacancies

The number of new vacancies reported to Employment and Economic Development Offices during September totalled 50,500, or 1,000 more than in September the previous year. In all, the number of unfilled vacancies at Employment and Economic Development Offices in September amounted to 100,600, which was 9,600 more than a year ago.

At the end of September, the number of persons covered by services included in the activation rate amounted to 126,600, up 5,100 on the previous year. These services include pay subsidies, labour market training, work trials and self-motivated studies.

At the end of September, the number of people laid off was 12,600 in the whole country, which was 4,900 fewer than at the same time the year before. The number of people fully laid off totalled 6,700, representing a decrease of 2,400 from September the year before.

Statistics Finland: Unemployment rate 6.3%

According to the Labour Force Survey issued by Statistics Finland, in September the number of people in employment was up 72,000 on the previous year. The employment rate was 71.4%, which was 2.0 percentage points higher than in September the year before. According to the Survey, the unemployment total was 170,000, which is 44,000 fewer than a year ago. The unemployment rate was 6.3%, or 1.7 percentage points lower than the previous year.

Key differences between Employment Service Statistics and the Labour Force Survey

This information is based on the Ministry of Economic Affairs and Employment’s Employment Service Statistics and the Labour Force Survey of Statistics Finland. The Employment Service Statistics of the Ministry are compiled on the basis of the information in the Employment and Economic Development Offices’ customer register, while the Labour Force Survey of Statistics Finland is based on sampling.

In the Ministry’s Employment Service Statistics, people that are not in an employment relationship or employed in business are listed as unemployed. Persons fully laid-off but not full-time students are also categorised as unemployed in the Employment Service Statistics. The Labour Force Survey of Statistics Finland has a stricter definition for being unemployed: a person is unemployed if he or she has actively sought employment during the preceding four weeks and is available for work over the coming two weeks. The figures of the Labour Force Survey of Statistics Finland are internationally comparable and thus they are the official Finnish unemployment statistics.

Links

Employment Bulletin of the Ministry of Economic Affairs and Employment

Inquiries

Petri Syvänen, Ministerial adviser, Ministry of Economic Affairs and Employment, tel. +358 29 504 8050