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291,100 unemployed jobseekers in January

Ministry of Economic Affairs and Employment
Publication date 20.2.2024 8.03
Press release
Unemployed jobseekers at the end of January, a total of 291 100. This is 33 100 more than a year earlier.

The number of unemployed jobseekers rose by 33,100 from January of last year. The number of new vacancies reported totalled 91,200. In all, the number of unfilled vacancies in January was 133,400, which is 43,100 fewer than a year ago.

At the end of January, the number of unemployed jobseekers totalled 291,100. This is 33,100 more than a year earlier and 6,500 fewer than in the previous month. These figures are from the Employment Bulletin of the Ministry of Economic Affairs and Employment.

The number of unemployed jobseekers includes the customers of Employment and Economic Development Offices and local government pilots on employment as well as people fully laid off. Of the unemployed jobseekers, 160,400, or 20,000 more than in January a year ago, were customers of municipalities participating in the local government pilots on employment.

At the end of January, the number of people laid off was 45,300 persons; a year-on-year increase of 16,600. The number of people fully laid off totalled 35,000, representing an increase of 12,700 from January the year before. The number of people fully laid off decreased by 4,600 from December.

91,700 unemployed in the long term

The number of long-term unemployed — that is those who had been unemployed without interruption for at least a year — amounted to 91,700, up 5,800 on the previous year. The number of unemployed jobseekers aged over 50 was 102,800, representing an increase of 7,300 on the year before.

The number of unemployed jobseekers aged under 25 was 32,200, representing an increase of 4,800 from January last year. Of the unemployment periods of youths, 53.4 per cent ended before reaching three months in January. This is 3.7 percentage points fewer than the year before.

Decrease in new vacancies

The number of new vacancies reported during January totalled 91,200, or 23,500 fewer than in January the previous year. In all, the number of unfilled vacancies in January was 133,400, which is 43,100 fewer than a year ago.

At the end of January, the number of persons covered by services included in the activation rate amounted to 113,400, up 1,900 on the previous year. These services include pay subsidies, labour market training, rehabilitative work and self-motivated studies.

Statistics Finland: The trend of the unemployment rate 7.7%

According to the Labour Force Survey issued by Statistics Finland, in January the number of people in employment was 3,000 more than on the previous year. The trend of the employment rate was 73.2%, which was 0.8 percentage points lower than in January the year before. According to the Survey, the unemployment total was 231,000, which is 20,000 more than a year ago. The trend of the unemployment rate was 7.7%, or 0.8 percentage points higher 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 customer register of the Employment and Economic Development Offices and local government pilots on employment, while the Labour Force Survey of Statistics Finland is based on sampling. 

In the employment service statistics of the Ministry of Economic Affairs and Employment persons that are not in 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 of 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

Inquiries:

Petri Syvänen, Ministerial Adviser, Ministry of Economic Affairs and Employment, tel. +358 295 048 050