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Home BUSINESSUnemployment rate rises to 10% in June
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Wed, 22 Jul, 2015 12:07:18 AM
FTimes Report, July 22
 
File Photo – Lehtikuva.
The unemployment rate stood at 10 per cent in June 2015, having been 9.2 per cent in the year before, according to Statistics Finland’s Labour Force Survey.
 
There were 280,000 unemployed persons in the month. The number of unemployed persons was 22,000 higher than one year ago, the data show.
 
There were 35,000 fewer employed than in June of the previous year. The unemployment rate in the second quarter (April to June) was 10.7 per cent, which was 1.1 percentage points higher than in the respective quarter of 2014.

In June 2015, the number of employed persons was 2,526,000, which was 35,000 lower than a year earlier.
 
There were 22,000 fewer employed men and 13,000 fewer employed women than in June 2014 as per the statistics.

In June, the employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 71 per cent, which was 0.7 percentage points lower than one year before.
 
Unemployment rate and trend of unemployment rate 2005/06–2015/06, persons aged 15–74. Source: Labour force survey 2015, June. Statistics Finland.
The employment rate for men decreased by 0.9 percentage points to 72.2 per cent and that of women by 0.5 percentage points to 69.7 per cent.
 
Adjusted for seasonal and random variation, the trend of the employment rate was 67.7 per cent. 

At the end of June 2015, there were altogether 369,000 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 June 2014.

The number of unemployed job seekers increased in June from the corresponding period in 2014 in the areas of all Employment and Economic Development Centres: most in Uusimaa (14%), North Savo (12%), North Karelia (11%), South Ostrobothnia (10%), and Ostrobothnia (10%).
 
At the end of June, the number of temporarily laid off persons registered with the employment and economic development offices was 23,000, which was 1,000 more than 12 months earlier.

The number of persons engaged in services included in the activation rate totalled 109,000 at the end of June, which was 4,000 fewer than in June of the year before.
 
Altogether, 3.9 per cent of the labour force was covered by labour market policy services.

There were 56,000 unemployed job seekers aged under 25 registered with the employment and economic development offices. Their number was 6,000 higher than in last year's June as per the data.
 
During this June, 34,000 new vacancies were reported to the employment and economic development offices, which was 2,000 more than in June 2014.
 

Changes in employment 2014/06 – 2015/06 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

 

  Year/Month Change
2014/06 2015/06 2014/06 - 2015/06
1000 persons Per cent, %
Population total 4 095 4 099 0,1
Active population total 2 819 2 806 –0,5
Employed 2 561 2 526 –1,4
– employees 2 218 2 186 –1,4
– self-employed persons and unpaid family workers 343 340 –0,9
Unemployed 258 280 8,4
Inactive population 1 275 1 293 1,4
– Persons in disguised unemployment 148 153 2,9
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 71,7 71,0 –0,7
Unemployment rate 9,2 10,0 0,8
Activity rate 68,8 68,4 –0,4
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

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

 

  Year/Quarter Change
2014/II 2015/II 2014/II - 2015/II
1000 persons Per cent (%)
Active population total 2 755 2 757 0,1
Employed persons total 2 490 2 463 –1,1
Unemployed total 265 295 11,2
– men 146 159 8,6
– women 119 136 14,3
Inactive population 1 339 1 342 0,2
– Persons in disguised unemployment 128 137 6,7
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

Changes 2014/06 - 2015/06 according to the Employment Service Statistics of the Ministry of Employment and the Economy

 

  Year/Month Change
2014/06 2015/06 2014/06 – 2015/06
1000 persons Per cent, %
Unemployed job seekers 1) 337 369 9,4
– unemployed over a year 90 110 21,9
Services, total 113 109 –3,5
– employed 40 31 –21,1
– in labour market training, in training 24 20 –13,9
– engaged in work/training trials 10 11 6,3
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 39 46 18,3
New vacancies at employment and economic development offices 32 34 7,4
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, June. Statistics Finland.

 
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