Sharp increase in unemployed jobseekers in May

  • A total of 432,700 unemployed jobseekers were registered at the Employment and Economic Development Offices at the end of May. This was 206,200 more than a year earlier. 
  • The number of unemployed jobseekers was down by 400 from the previous month. 
  • At the end of May, the number of people laid off was 181,400 in the whole country, which was 167,500 more than at the same time the year before. 
  • The number of people fully laid off totalled 158,100, representing an increase of 149,800 from May the year before.
  • The number of long-term unemployed amounted to 69,800, up 7,400 on the previous year. 
  • The number of unemployed jobseekers aged over 50 was 141,600, representing an increase of 56,600 on the year before.
  • Unemployed jobseekers aged under 25 numbered 56,400, representing an increase of 27,700 from May last year. 
  • Among unemployed young people, the period of unemployment ended within three months on average in 62.3% of cases between January and May, which is 3.3 percentage points less than the year before.

Decrease in number of new vacancies

  • The number of new vacancies reported to Employment and Economic Development Offices during May totalled 45,100, or 20,900 fewer than in May the previous year. In all, the number of unfilled vacancies at Employment and Economic Development Offices in May amounted to 96,900, which was 32,200 fewer than a year ago.
  • At the end of May, the number of persons covered by services included in the activation rate amounted to 105,700, down 18,100 on the previous year. These services include pay subsidies, labour market training, work trials and self-motivated studies.

Statistics Finland: Unemployment rate 10.6%

  • According to the Labour Force Survey issued by Statistics Finland, in May the number of people in employment was 96,000 less than on the previous year. 
  • The employment rate was 70.4%, which was 2.7 percentage points lower than in May the year before. According to the Survey, the unemployment total was 295,000, which is 46,000 more than a year ago. 
  • The unemployment rate was 10.6%, or 1.8 percentage points higher than the previous year.

Inquiries

Employment Bulletin of the Ministry of Economic Affairs and Employment