316,200 unemployed jobseekers in June
At the end of June, a total of 316,200 unemployed jobseekers were registered at the Employment and Economic Development Offices and municipalities participating in the local government pilots on employment. This is 100,700 less than a year earlier, but 62,000 more than in June two years ago. The number of unemployed jobseekers increased by 15,100 from the previous month. Of the unemployed jobseekers, 163,500 were customers of municipalities participating in the local government pilots on employment. The number of unemployed jobseekers also includes those fully laid off. These figures are from the Employment Bulletin of the Ministry of Economic Affairs and Employment.
At the end of June, the number of people laid off was 47,200 in the whole country, which was 90,400 fewer than at the same time the year before. The number of people fully laid off totalled 34,100, representing a decrease of 82,800 from June the year before. The number of people fully laid off decreased by 7,100 from May.
The number of long-term unemployed — that is those who had been unemployed without interruption for at least a year — amounted to 112,400, up 37,300 on the previous year. The number of unemployed jobseekers over 50 years of age was 111,600, or 23,000 less than at the same time a year earlier.
Unemployed jobseekers under 25 years of age numbered 40,400, representing a decrease of 18,400 from June last year. Of the unemployment periods of youths, 58.1 per cent ended before reaching three months between January and June. This is 2.6 percentage points less than a year before.
Increase in new vacancies
The number of new vacancies reported during June totalled 79,000, or 31,300 more than in June the previous year. In all, the number of unfilled vacancies in June amounted to 145,300, which is 52,300 more than a year ago.
At the end of June, the number of persons covered by services included in the activation rate amounted to 104,000, up 5,600 on the previous year. These services include pay subsidies, labour market training, work trials and self-motivated studies.
Statistics Finland: Unemployment rate 7.6%
According to the Labour Force Survey issued by Statistics Finland, in June the number of people in employment was 121,200 more than on the previous year. The employment rate was 75.8%, which was 2.9 percentage points higher than in June the year before. According to the Survey, the unemployment total was 220,200, which is 6,600 more than a year ago. The unemployment rate was 7.6%, or 0.1 percentage points lower than the previous year.
Press release on the revision of the Labour Force Survey: https://www.stat.fi/til/tyti/tyti_2020-12-22_uut_001_en.html
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 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.
Further information on the differences in the statistics https://tilastokeskus.fi/til/tyti/tyti_2019-09-13_men_001_en.html
Heikki Räisänen, Research Director, Ministry of Economic Affairs and Employment, tel. +358 29 504 7118