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Tuesday, 21 September, 2021
Home BUSINESSUnemployment rate increases to 8.4% in Sep
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Wed, 21 Oct, 2015 12:04:01 AM
FTimes Report, Oct 21
 
Young looking for a job Employment and Economic Development Office job search services on the website. File Photo - Lehtikuva.
The unemployment rate increased to 8.4 per cent in September 2015 from 8.2 per cent in the year before, according to Statistics Finland’s Labour Force Survey.
 
There were 225,000 unemployed persons in September. The number of unemployed persons was 7,000 higher than one year ago, the data show.
 
The unemployment rate was 8.2 per cent in September of the year before.
 
The rate of unemployment was 8.4 per cent in the third quarter (July to September), having been 7.5 per cent in the respective quarter of 2014.
 
In September 2015, the number of employed persons was 2,452,000, which was 5,000 higher than a year earlier.
 
There were 15,000 more employed men and 10,000 fewer employed women than in September 2014.
 
In September, the employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 68.8 per cent, which was 0.7 percentage points higher than one year before.
 
 
Women’s unemployment rate was almost unchanged and stood at 67.9 per cent as per the statistics.
 
In September, there were a total of 642,000 young people aged 15 to 24. Of them, 242,000 were employed and 53,000 were unemployed.  
 
In the third quarter of 2015, there were on average 2,481,000 employed persons. There were 6,000 fewer employed persons than in the corresponding period in 2014. The number of employed persons increased most in information and communication activities, but decreased most in wholesale and retail trade.
 
The number of hours worked by employed persons was around 0.6 per cent higher in the third quarter of 2015 than twelve months previously.
 
The average number of unemployed persons in the third quarter of 2015 was 226,000, which was 24,000 more than in the July to September period of 2014.
 
At the end of September 2015, there were altogether 337,000 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 23,000 higher than in September 2014.
 

Changes in employment 2014/09 – 2015/09 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

 

  Year/Month Change
2014/09 2015/09 2014/09 - 2015/09
1000 persons Per cent, %
Population total 4 097 4 102 0,1
Active population total 2 665 2 678 0,5
Employed 2 447 2 452 0,2
– employees 2 097 2 105 0,4
– self-employed persons and unpaid family workers 350 347 –1,0
Unemployed 218 225 3,4
Inactive population 1 432 1 424 –0,5
– Persons in disguised unemployment 149 156 4,7
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 68,2 68,8 0,7
Unemployment rate 8,2 8,4 0,2
Activity rate 65,0 65,3 0,2
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

 

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

 

  Year/Quarter Change
2014/III 2015/III 2014/III - 2015/III
1000 persons Per cent (%)
Active population total 2 690 2 708 0,7
Employed persons total 2 487 2 481 –0,2
Unemployed total 203 226 11,7
– men 110 118 7,8
– women 93 108 16,4
Inactive population 1 406 1 393 –1,0
– Persons in disguised unemployment 141 149 5,6
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

 

Changes 2014/09 – 2015/09 according to the Employment Service Statistics of the Ministry of Employment and the Economy

 

  Year/Month Change
2014/09 2015/09 2014/09 – 2015/09
1000 persons Per cent, %
Unemployed job seekers 1) 315 337 7,3
– unemployed over a year 93 113 22,0
Services, total 128 118 –7,3
– employed 39 23 –40,8
– in labour market training, in training 28 25 –12,3
– engaged in work/training trials 11 12 11,2
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 50 59 17,7
New vacancies at employment and economic development offices 38 38 –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, September. Statistics Finland.

 
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