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Home BUSINESSUnemployment rate rises to 7%
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Wed, 27 Aug, 2014 12:03:53 AM
FTimes Report, August 27
 
A man going to the employment office in Helsinki on 22 July 2014. Photo – Lehtikuva.
The unemployment rate in Finland increased to 7.0 per cent in July 2014 from 6.6 one year before.   
 
The number of unemployed persons in July was 193,000, which was 11,000 higher than one year ago, according to the Statistics Finland’s Labour Force Survey. 
 
There were 17,000 fewer employed persons than in July of the previous year. The number of persons in the inactive population was 15,000 higher than one year earlier, the data show.
 
In July 2014, the number of employed persons was 2,550,000 or 17,000 fewer than a year before. 
 
The number of employed persons fell in the private sector but grew in the public sector. The number of employees went down but that of self-employed persons and unpaid family workers grew compared with July 2013.
 
Unemployment rate and trend of unemployment rate 2004/07–2014/07, persons aged 15–74. Source: Statistics Finland.
Men’s employment rate was 72.1 per cent and women’s 70.3 per cent. Adjusted for seasonal and random variations, the trend of the employment rate was 68.2 per cent.
 
Unemployment increased from the previous year’s July in the areas of all other Employment and Economic Development Centres except in North Karelia (0%), most in Uusimaa (16%) and Central Finland (12%).  
 
At the end of July, the number of temporarily laid-off persons registered with the employment and economic development offices was 23,000, which was 4,000 more than 12 months earlier.
 
The number of persons engaged in services included in the activation stage totalled 105,000 at the end of July, which was 12,000 more than in July last year. 
 
This July, 31,000 new vacancies were reported to the employment and economic development offices, which is 2,000 more than in July 2013, according to the statistics.
 

Changes in employment 2013/07 – 2014/07 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

  Year/Month Change
2013/07 2014/07 2013/07 - 2014/07
1000 persons Per cent, %
Population total 4 086 4 095 0,2
Active population total 2 749 2 743 –0,2
Employed 2 567 2 550 –0,7
– employees 2 242 2 203 –1,7
– self-employed persons and unpaid family workers 325 347 6,6
Unemployed 183 193 5,9
Inactive population 1 337 1 352 1,1
– Persons in disguised unemployment 122 125 3,2
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 71,7 71,2 –0,5
Unemployment rate 6,6 7,0 0,4
Activity rate 67,3 67,0 –0,3
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.
 
 

Changes 2013/07–2014/07 according to the Employment Service Statistics of the Ministry of Employment and the Economy

  Year/Month Change
2013/07 2014/07 2013/07 - 2014/07
1000 persons Per cent, %
Unemployed job seekers 1) 319 350 10,0
– unemployed over a year 76 93 22,4
Services, total 92 105 13,5
– employed 32 38 20,1
– in labour market training, in training 21 21 –2,1
– in trainee places, engaged in work/training trials 8 8 9,2
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 31 37 18,3
New vacancies at employment and economic development offices 30 31 5,1
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.

 
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