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Wed, 22 Jun, 2016 12:04:13 AM FTimes Report, Jun 22  Unemployment rate and trend of unemployment rate 2006/05–2016/05, persons aged 15–74. Source: Labour force survey 2016, May. Statistics Finland. The unemployment rate fell to 10.8 per cent in May 2016 from 11.8 per cent in the year before, according to Statistics Finland’s Labour Force Survey.
The number of unemployed persons in May was 298,000, which was 27,000 lower than one year ago.
There were 16,000 more employed than in May of the previous year, the data show.
The number of persons in the inactive population was 20,000 higher than one year earlier.
In May, the number of employed persons was 2,450,000, which was 16,000 higher than a year earlier.
There were 28,000 more employed men and 12,000 fewer employed women than in May 2015.
The employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 68.6 per cent, having been 68.0 per cent one year earlier.
The employment rate for men grew by 1.4 percentage points from last year’s May to 69.7 per cent.
The employment rate for women fell by 0.4 percentage points to 67.4 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 162,000 and that of women 136,000 as per the statistics.
Men’s unemployment rate was 11.3 per cent and women’s 10.3 per cent with the trend of the unemployment rate being 8.9 per cent.
In May, there were a total of 637,000 young people aged 15 to 24. Of them, 263,000 were employed and 120,000 unemployed.
The number of young people in the active population was 383,000.
The unemployment rate for young people aged 15 to 24, that is, the proportion of the unemployed among the labour force, stood at 31.4 per cent, which was nearly five percentage points lower than one year previously.
The trend of the unemployment rate among young people was 20.5 per cent. The share of unemployed young people aged 15 to 24 among the population in the same age group was 18.9 per cent.
At the end of May 2016, there were altogether 332,000 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 3,000 higher than in May 2015.
Unemployment fell in May from the corresponding period in 2015 in the areas of eight Employment and Economic Development Centres—most in Kainuu (–6%), Häme (–5%), North Ostrobothnia (–4%), and Lapland (–4%).
In the areas of all other Employment and Economic Development Centres, unemployment increased: most in Ostrobothnia (9%), Pirkanmaa (4%) and Uusimaa (4%).
The number of temporarily laid off persons registered at the employment and economic development offices was 20,000, which was 3,000 fewer than twelve months earlier.
There were 42,000 unemployed job seekers aged under 25 registered at the employment and economic development offices, which was 2,000 more than one year ago.
During this May, 48,000 new vacancies were reported to the employment and economic development offices, which is 9,000 more than in May 2015.
Changes in employment 2015/05–2016/05 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74
Changes 2015/05–2016/05 according to the Employment Service Statistics of the Ministry of Employment and the Economy
Source: Labour force survey 2016, May. Statistics Finland. More News
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