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Home BUSINESSUnemployment rate stands at 7.2% in August
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Wed, 21 Sep, 2016 12:01:25 AM
FTimes Report, Sep 21
 
 
The number of unemployed persons in August was 195,000, which was 28,000 lower than one year ago, according to Statistics Finland’s Labour Force Survey.
 
There were 27,000 more employed persons than in August of the previous year. The number of persons in the inactive population was 8,000 higher than one year earlier, the data show.
 
In August 2016, the number of employed persons was 2,495,000, which was 27,000 higher than a year earlier.
 
There were 29,000 more employed men and 3,000 fewer employed women than in August 2015.
 
In August 2016, the employment rate, that is, the proportion of the employed among persons aged 15 to 64, stood at 69.9 per cent, having been 68.8 per cent one year earlier.
 
From last year’s August, men’s employment rate rose by 1.9 percentage points to 71.3 per cent and women’s by 0.3 percentage points to 68.5 per cent.
 
Adjusted for seasonal and random variation, the trend of the employment rate was 68.7 per cent.
 
At the end of August 2016, there were altogether 343,000 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 4,000 lower than in August 2015.
 
Unemployment fell in August from the corresponding period in 2015 in the areas of eleven Employment and Economic Development Centres—most in Kainuu (–11%), North Savo (–7%), and Lapland (–6%).
 
In the areas of all other Employment and Economic Development Centres, unemployment increased most in Ostrobothnia (8%), Pirkanmaa (3%) and Uusimaa (2%).
 
At the end of August, the number of temporarily laid off persons registered at the employment and economic development offices was 17,000, which was 2,000 fewer than twelve months earlier.
 
The number of persons engaged in services included in the activation rate totalled 113,000 at the end of August, which was 3,000 more than in August of the year before. Altogether, 4.2 per cent of the labour force was covered by labour market policy services as per the statistics.
 
There were 46,000 unemployed job seekers aged under 25 registered at the employment and economic development offices. Their number was 2,000 lower than in last year's August.
 
During this August, 51,000 new vacancies were reported to the employment and economic development offices, which was 14,000 more than in August 2015.
 

Changes in employment 2015/08–2016/08 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

 

  Year/Month Change
2015/08 2016/08 2015/08 - 2016/08
1000 persons Per cent, %
Population total 4 101 4 107 0,2
Active population total 2 691 2 690 0,0
Employed 2 469 2 495 1,1
– employees 2 129 2 137 0,3
– self-employed persons and unpaid family workers 340 359 5,7
Unemployed 222 195 –12,4
Inactive population 1 409 1 417 0,6
– persons in disguised unemployment 147 154 4,5
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 68,8 69,9 1,1
Unemployment rate 8,3 7,2 –1,0
Activity rate 65,6 65,5 –0,1
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

Changes 2015/08–2016/08 according to the Employment Service Statistics of the Ministry of Economic Affairs and Employment

 

  Year/Month Change
2015/08 2016/08 2015/08 - 2016/08
1000 persons Per cent, %
Unemployed job seekers 347 343 –1,2
– unemployed over a year 113 128 13,4
Services, total 110 113 2,9
– employed 25 24 –5,1
– in labour market training, in training 22 21 –5,9
– engaged in work/training trials 10 9 –7,9
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 53 59 12,3
New vacancies at employment and economic development offices 37 51 37,2
Unrounded figures are used in the Change column.

Source: Labour force survey 2016, August. Statistics Finland.

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