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Home BUSINESSUnemployment rate ups to 8.8% in January
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Wed, 25 Feb, 2015 12:02:41 AM
FTimes Report, Feb 25
 
File picture, Job seeker waiting for serial in the employment office. Photo - Lehtikuva.
The unemployment rate in the country reached to 8.8 per cent in January this year, which was 8.5 per cent in the corresponding period of the year before, according to Statistics Finland’s Labour Force Survey.
 
The number of unemployed persons was 230,000 which was 9,000 higher than one year ago.
 
There were 14,000 more employed persons than in January of the previous year, the data show.
 
The number of persons in disguised unemployment in the inactive population was 9,000 less than one year earlier.
 
In January 2015, the number of employed persons was 2,399,000 which was 14,000 more than a year before. There were almost the same number of employed men and 15,000 more employed women than in January 2014.
 
The number of employed persons decreased in the private sector and grew in the public sector compared with January 2014 as per the survey.
 
Unemployment rate and trend of unemployment rate 2005/01–2015/01, persons aged 15–74. Source: Labour force survey 2015, January. Statistics Finland.
In January 2015, the employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 66.7 per cent, having been 67.0 per cent one year earlier.
 
The employment rate for men fell by 1.0 percentage point from last year’s January to 66.3 per cent, the survey finds.
 
Women's employment rate was 67.2 per cent and it increased by 0.5 per cent compared with January 2014.
 
There were 1,471,000 persons in the inactive population in January 2015, which was 14,000 less than one year earlier. Of the inactive population, 144,000 persons were in disguised unemployment.
 
At the end of January 2015, there were altogether 360,000 persons registered in accordance with the Employment Office Regulations as unemployed job seekers at the employment and economic development offices.
 
The number of unemployed job seekers was 32,000 higher than in January 2014.
 
Unemployment increased from the previous year's January in the areas of all Employment and Economic Development Centres, most in Uusimaa (15%), Ostrobothnia (13%), Satakunta (13%), South Ostrobothnia (12%) and North Savo (12%), according to the statistics.
 
Altogether, 4.6 per cent of the labour force was covered by labour market policy services.
 
During this January, 53,000 new vacancies were reported to the employment and economic development offices, which are 1,000 less than in January 2014.
 

Changes in employment 2014/01–2015/01 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

  Year/Month Change
2014/01 2015/01 2014/01 - 2015/01
1000 persons Per cent, %
Population total 4 091 4 101 0,2
Active population total 2 606 2 630 0,9
Employed 2 385 2 399 0,6
– employees 2 047 2 036 –0,5
– self-employed persons and unpaid family workers 338 363 7,3
Unemployed 221 230 4,2
Inactive population 1 485 1 471 –0,9
– Persons in disguised unemployment 153 144 –5,8
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 67,0 66,7 –0,2
Unemployment rate 8,5 8,8 0,3
Activity rate 63,7 64,1 0,4
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

Changes 2014/01–2015/01 according to the Employment Service Statistics of the Ministry of Employment and the Economy

  Year/Month Change
2014/01 2015/01 2014/01 - 2015/01
1000 persons Per cent, %
Unemployed job seekers 1) 328 360 9,8
– unemployed over a year 86 102 18,7
Services, total 118 122 3,5
– employed 34 33 –3,5
– in labour market training, in training 27 25 –7,9
– in trainee places, engaged in work/training trials 12 11 –5,3
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 44 52 18,2
New vacancies at employment and economic development offices 54 53 –1,1
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.

Source: Labour force survey 2015, January. Statistics Finland.

 
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