Finland Times

 

Photo - Lehtikuva.

The unemployment rate was 7.4 per cent, having been 6.9 per cent in October of the year before, the Statistics Finland’s Labour Force Survey revealed.

 

The number of unemployed persons in October 2013 was 194,000, which was 11,000 higher than a year ago.

 

There were 41,000 fewer employed persons than in October of the previous year, according to the survey.

 

In October 2013, the number of employed persons was 2,426,000, which was 41,000 less than a year earlier (margin of error ±31,000), according to the data.

 

There were 15,000 fewer employed men and 26,000 fewer employed women than in October 2012.

 

Compared to October 2012 situation, the number of employed persons increased in the public sector but decreased in the private sector.

 

Unemployment rate and trend of unemployment rate 1989/01 – 2013/10. Source: Statistics Finland.

In October this year, the employment rate , that is, the proportion of the employed among persons aged 15 to 64, stood at 68.1 per cent, which was 0.6 percentage points lower than the year before.

 

From last year’s October, men’s employment rate fell by 0.3 percentage points to 69.2 per cent and women’s by 0.8 percentage points to 66.9 per cent. Adjusted for seasonal and random variation, the trend of the employment rate was 68.3 per cent.

 

At 7.4 per cent, the unemployment rate in January was 0.5 percentage points higher than one year earlier. Men’s unemployment rate was 7.6 per cent and women’s 7.2 per cent. The trend of the unemployment rate was 8.2 per cent, according to the survey.

 

In October, there were a total of 656,000 young people aged 15 to 24. Of them, 241,000 were employed and 48,000 unemployed.

 

At the end of October 2013, there were a total of 290,000 persons registered in accordance with the Employment Office Regulations as job seekers at the employment and economic development offices.  

 

Unemployment increased from the previous year's October in the areas of all Employment and Economic Development Centres; mostly in Uusimaa (25%), Kainuu (25%) and Pirkanmaa (20%).

 

At the end of October, the number of temporarily laid off persons registered at the employment and economic development offices was 20,000, which was 6,000 more than twelve months earlier, the data shows.

Changes in employment 2012/10 – 2013/10 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

Changes 2012/10 – 2013/10 according to the Employment Service Statistics of the Ministry of Employment and the Economy

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.