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Wed, 26 Feb, 2014 04:35:22 AM

Country unemployment rate declines slightly

FTimes Report, February 26

File picture of Employment and Economic Development Centre in Helsinki. Photo Lehtikuva.

The number of unemployed persons in the country has decreased by 0.2 per cent in January compared to the corresponding period in the previous year, putting the country’s unemployment rate at 8.5 per cent.

According to Statistics Finland's Labour Force Survey, the number of unemployed persons in January 2014 was 221,000, which was 7,000 less than a year ago.

The unemployment rate was 8.5 per cent, having been 8.7 per cent in January of the year before.

There were 16,000 fewer employed persons than in January of the previous year.

The number of persons in the inactive population was 32,000 higher in January 2014 than one year earlier.

In January 2014, the number of employed persons was 2,385,000 (margin of error ±31,000), which was 16,000 lower than a year earlier.

Unemployment rate and trend of unemployment rate 2004/01 – 2014/01. Source: Statistics Finland.

There were 10,000 fewer employed men and 7,000 fewer employed women than in January 2013.

The number of employed persons decreased in the private sector and grew slightly in the public sector compared with January 2013.

In January, the employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 67.0 per cent, which was almost the same as one year before.

Men's employment rate was 67.2 per cent and women's 66.7 per cent. Adjusted for seasonal and random variation, the trend of the employment rate was 68.5 per cent.

The number of unemployed men was 128,000 and that of women 93,000.

Men's unemployment rate was 9.5 per cent and women's 7.4 per cent. The trend of the unemployment rate was 8.4 per cent.

Changes in employment 2013/01 – 2014/01 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

	Year/Month		Change
	2013/01	2014/01	2013/01 - 2014/01
	1000 persons		Per cent, %
Population total	4 082	4 091	0,2
Active population total	2 629	2 606	–0,9
Employed	2 402	2 385	–0,7
– employees	2 074	2 047	–1,3
– self-employed persons and unpaid family workers	327	338	3,4
Unemployed	228	221	–2,9
Inactive population	1 452	1 485	2,2
– Persons in disguised unemployment	112	153	36,9
	Per cent, %		Percentage points
Employment rate, persons aged 15 to 64	66,9	67,0	0,1
Unemployment rate	8,7	8,5	–0,2
Activity rate	64,4	63,7	–0,7
Unrounded figures are used in the Change column. The data comply with the ILO/EU definition.

Changes 2013/01 – 2014/01 according to the Employment Service Statistics of the Ministry of Employment and the Economy

	Year/Month		Change
	2013/01	2014/01	2013/01 - 2014/01
	1000 persons		Per cent, %
Unemployed job seekers ¹⁾	292	328	12,0
– unemployed over a year	68	86	26,6
Services, total	100	118	17,8
– employed	27	34	26,7
– in labour market training, in training	26	27	3,8
– in trainee places, engaged in work/training trials	13	12	–6,5
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit	34	44	30,6
New vacancies at employment and economic development offices	55	54	–3,2
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.

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