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Tuesday, 23 April, 2024
Home BUSINESSUnemployment rate increases to 7.9%
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Wed, 22 Jan, 2014 12:03:30 AM
FTimes Report, January 22
 
File picture of unemployed person is seen to fill-up form seeking job at employment office in Helsinki. Photo – Lehtikuva.
Some 26,000 people of the country became unemployed in the year 2013 taking the country’s total number of unemployed persons to 205,000 and posting the unemployment rate at 7.9 per cent in last December.
 
According to Statistics Finland’s Labour Force Survey, the unemployment rate was 7.9 per cent, 0.9 percentage higher than a year earlier. The unemployment rate was 6.9 per cent in December 2012.
 
In 2013, men’s unemployment rate was 8.4 per cent and women’s 7.3 per cent. The trend of the unemployment rate was 8.6 per cent.
 
The number of employed persons was nearly the same as in December of the previous year. The unemployment rate in the fourth quarter (October to December) was 7.7 per cent, which was 0.7 percentage points higher than in the respective quarter of 2012.
 
Unemployment rate and trend of unemployment rate 1989/01 – 2013/12. Source: Statistics Finland.
In 2013, the employment rate was 8.2 per cent, having been 7.7 per cent in 2012.
 
In December 2013, the number of employed persons was 2,409,000 (margin of error ±33,000), which was 3,000 lower than a year earlier. There were 24,000 fewer employed men and 20,000 more employed women than in December 2012.
 
The number of employed persons increased in the public sector and decreased in the private sector compared with December 2012.
 
In December, the employment rate , that is, the proportion of the employed among persons aged 15 to 64, stood at 66.9 per cent, which was 0.4 percentage points lower than the year before.
 
The employment rate for men fell by 1.8 percentage points from last year’s December to 67.2 per cent. Women's employment rate rose by 1.1 percentage points to 66.6 per cent. Adjusted for seasonal and random variation, the trend of the employment rate was 68.2 per cent.
 
In December, there were a total of 655,000 young people aged 15 to 24. Of them, 234,000 were employed and 47,000 unemployed.
 
 
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