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Home BUSINESSCountry’s unemployment rate hikes to 7.6 %
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Wed, 23 Oct, 2013 12:00:04 AM
FTimes Report, October 23
 
File picture of the office of unemployment in Helsinki. Photo – Lehtikuva.
The unemployment rate stood at 7.6 percent in the country at the end of September, according to Statistics Finland.
 
The labour survey report of the Statistics Finland released on Tuesday said that the number of unemployed persons in September was 199,000, an increase by 12,000 in one year. 
 
In the third quarter (July to September), unemployment rate remained at 7.1 per cent, compared with the corresponding period of 2012, the report said.
 
In September 2013, the number of employed persons was 2,418,000, which was 32,000 lower than a year earlier (margin of error ±32,000). There were 12,000 fewer employed men and 20,000 fewer employed women than in September 2012. 
 
Unemployment rate and trend of unemployment rate Source: Statistics Finland
The number of both employees and self-employed persons decreased compared with last year's September. 
 
In September, the employment rate -- the proportion of the employed among persons aged 15 to 64 -- stood at 67.3 per cent, which was 0.8 per cent lower than a year before. 
 
From last year’s September, men’s employment rate fell by 0.6 per cent to 68.1 per cent, and women’s by 1 per cent, to 66.5 per cent. According to the report, the number of unemployed men was 113,000 and that of women 85,000.
 
Job seeker waiting at unemployment office. Photo - Lehtikuva.
In September, there were a total of 656,000 young people aged 15 to 24. Of them, 221,000 were employed and 48,000 unemployed. 
 
The trend of the unemployment rate among young people was 19.7 per cent, the survey report said. 
 
At the end of September 2013, there were a total of 285,000 persons registered in accordance with the Employment Office Regulations as job seekers, at the employment and economic development offices. The number of unemployed job seekers was 44,000 higher than in September 2012.
 
Unemployed person searching job at the website of unemployment office. Photo - Lehtikuva.
Unemployment increased from the previous year's September in the areas of all Employment and Economic Development Centres; most in Uusimaa (26%), Pirkanmaa (23%) and Kainuu (23%).
 
At the end of September, the number of persons fully laid off was 17,000, which was 7,000 more than twelve months earlier.
 
 

Changes in employment 2012/09 – 2013/09 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

  Year/Month Change
2012/09 2013/09 2012/09 - 2013/09
1000 persons Per cent, %
Population total 4 077 4 088 0,3
Active population total 2 637 2 617 –0,8
Employed 2 451 2 418 –1,3
– employees 2 103 2 079 –1,1
– self-employed persons and unpaid family workers 348 339 –2,5
Unemployed 187 199 6,4
Inactive population 1 440 1 472 2,2
– Persons in disguised unemployment 120 131 8,7
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 68,1 67,3 –0,8
Unemployment rate 7,1 7,6 0,5
Activity rate 64,7 64,0 –0,7
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.
 
 
 

Changes 2012/09 – 2013/09 according to the Employment Service Statistics of the Ministry of Employment and the Economy

  Year/Month Change
2012/09 2013/09 2012/09 - 2013/09
1000 persons Per cent, %
Unemployed job seekers 1) 241 285 18,0
– unemployed over a year 61 77 26,5
Services, total 108 114 4,9
– employed 30 35 14,9
– in labour market training, in training 28 30 6,0
– in trainee places, engaged in work/training trials 13 10 –17,2
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 37 38 3,4
New vacancies at employment and economic development offices 36 35 –3,7
Unrounded figures are used in the Change column.

1) The law reform that entered into force at the beginning of 2013 and the change in the lay-off procedure on 1 July increase the number of unemployed job seekers somewhat.

 

Changes in employment 2012/III – 2013/III according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

  Year/Quarter Change
2012/III 2013/III 2012/III - 2013/III
1000 persons Per cent (%)
Active population total 2 721 2 681 –1,5
Employed persons total 2 529 2 490 –1,5
Unemployed total 193 191 –1,1
– men 101 104 2,3
– women 91 87 –4,8
Inactive population 1 354 1 406 3,8
– Persons in disguised unemployment 116 123 5,8
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.
 
 
 
 
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