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Tuesday, 26 October, 2021
Home BUSINESSUnemployment rate ups to 8.2% in Sept
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Wed, 22 Oct, 2014 12:15:31 AM
FTimes Report, Oct. 22
 
Job seeker at the unemployment office in Helsinki. File photo Lehtikuva.
The unemployment rate has increased in the country in September though more people were employed during the period compared to the corresponding period in the last year.
 
According to Statistics Finland’s Labour Force Survey, the number of unemployed persons in September 2014 was 218,000, which was 19,000 higher than a year ago and the unemployment rate was 8.2 per cent, having been 7.6 per cent in September of the year before.
 
There were 29,000 more employed persons than in September of the previous year.
 
In the third quarter (July to September), the unemployment rate was 7.5 per cent, which was 0.4 percentage points higher compared to the corresponding period of 2013. Employment remained almost unchanged compared with July to September 2013.
 
In September 2014, the number of employed persons was 2,447,000, which was 29,000 higher than a year earlier (margin of error ±32,000). The number of employed persons increased both in the private and the public sectors compared to September 2013.
 
In September 2014, the employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 68.2 per cent, having been 67.3 per cent one year earlier. Men’s employment rate was 68.4 per cent and women’s 68.0 per cent. Adjusted for seasonal and random variation, the trend of the employment rate was 68.4 per cent.
 
According to Statistics Finland's Labour Force Survey, the number of unemployed men in September 2014 was 118,000 and that of women 100,000. At 8.2 per cent, the unemployment rate was 0.6 percentage points higher in September than one year earlier. Men’s unemployment rate was 8.6 per cent and women’s 7.7 per cent. The trend of the unemployment rate was 8.5 per cent.
 
In September, there were a total of 651,000 young people aged 15 to 24. Of them, 237,000 were employed and 52,000 unemployed. 
 
In September, the unemployment rate for young people aged 15 to 24, that is, the proportion of the unemployed among the labour force, stood at 17.9 per cent, which was the same as the previous year. The trend of the unemployment rate among young people was 19.4 per cent. The share of unemployed young people aged 15 to 24 among the population in the same age group was 8.0 per cent.
 
There were 42,000 unemployed job seekers aged under 25 registered at the employment and economic development offices. Their number was 5,000 higher than in last year’s September. During this September, 38,000 new vacancies were reported to the employment and economic development offices, which was 3,000 more than in September 2013.
 

Changes in employment 2013/09 – 2014/09 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

 

  Year/Month Change
2013/09 2014/09 2013/09 - 2014/09
1000 persons Per cent, %
Population total 4 088 4 097 0,2
Active population total 2 617 2 665 1,8
Employed 2 418 2 447 1,2
– employees 2 079 2097 0,8
– self-employed persons and unpaid family workers 339 350 3,3
Unemployed 199 218 9,8
Inactive population 1 471 1 432 –2,7
– Persons in disguised unemployment 131 149 14,0
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 67,3 68,2 0,9
Unemployment rate 7,6 8,2 0,6
Activity rate 64,0 65,0 1,0
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

 

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

  Year/Quarter Change
2013/III 2014/III 2013/III - 2014/III
1000 persons Per cent (%)
Active population total 2 681 2 690 0,3
Employed persons total 2 490 2 487 –0,1
Unemployed total 191 203 6,3
– men 104 110 6,1
– women 87 93 6,6
Inactive population 1 406 1 406 0,0
– Persons in disguised unemployment 123 141 14,8
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

 

Changes 2013/09 – 2014/09 according to the Employment Service Statistics of the Ministry of Employment and the Economy

  Year/Month Change
2013/09 2014/09 2013/09 - 2014/09
1000 persons Per cent, %
Unemployed job seekers 1) 285 315 10,4
– unemployed over a year 77 93 20,7
Services, total 114 128 12,4
– employed 35 39 11,9
– in labour market training, in training 30 28 –5,7
– in trainee places, engaged in work/training trials 10 11 2,4
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 38 50 29,7
New vacancies at employment and economic development offices 35 38 9,7
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.
 
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