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Home BUSINESSUnemployment rises to 8.2% in November
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Wed, 24 Dec, 2014 12:05:28 AM
Unemployment rises to 8.2% in November
FTimes Report, Dec. 24
 
Young person at a job search center in Helsinki. File Photo – Lehtikuva.
The number of unemployed persons in November 2014 was 215,000, which was 6,000 more than one year ago, according to Statistics Finland’s Labour Force Survey.
 
The unemployment rate was 8.2 per cent, which was 7.9 per cent in November last year.
 
The number of employed persons was 2,422,000, which was 9,000 lower than a year earlier, the data show.
 
There were 9,000 fewer employed persons than in November of the previous year.
 
The number of persons in disguised unemployment in the inactive population was 12,000 higher than one year earlier.
 
Unemployment rate and trend of unemployment rate 2004/11–2014/11, persons aged 15–74. Source: Labour force survey 2014, November. Statistics Finland.
The number of employed persons decreased in the private sector and grew in the local government sector compared with November 2013.
 
The proportion of the employed among persons aged 15 to 64 stood at 67.3 per cent, having been 67.8 per cent one year earlier.
 
Men’s employment rate was 68 per cent and women’s 66.6 per cent. Adjusted for seasonal and random variation, the trend of the employment rate was 68.2 per cent.
 
At the end of November 2014, there were altogether 327,000 persons registered in accordance with the Employment Office Regulations as unemployed job-seekers with the employment and economic development offices.
 
The number of unemployed job-seekers was 31,000 higher than in November 2013, according to the data.
 
As per the data, unemployment increased from November 2013 area-wise at all Employment and Economic Development Centres, most in Ostrobothnia (16%), Uusimaa (16%), Satakunta (12%) and South Ostrobothnia (11%).  
 

Changes in employment 2013/11 – 2014/11 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

  Year/Month Change
2013/11 2014/11 2013/11 - 2014/11
1000 persons Per cent, %
Population total 4 091 4 099 0,2
Active population total 2 641 2 637 –0,1
Employed 2 431 2 422 –0,4
– employees 2 094 2 074 –0,9
– self-employed persons and unpaid family workers 338 348 3,1
Unemployed 209 215 2,8
Inactive population 1 450 1 462 0,8
– Persons in disguised unemployment 144 156 8,4
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 67,8 67,3 –0,5
Unemployment rate 7,9 8,2 0,2
Activity rate 64,5 64,3 –0,2
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

Changes 2013/11–2014/11 according to the Employment Service Statistics of the Ministry of Employment and the Economy

  Year/Month Change
2013/11 2014/11 2013/11 - 2014/11
1000 persons Per cent, %
Unemployed job seekers 1) 296 327 10,3
– unemployed over a year 80 94 18,8
Services, total 125 131 4,8
– employed 35 36 2,9
– in labour market training, in training 32 30 –7,7
– in trainee places, engaged in work/training trials 13 13 –2,7
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 44 52 17,7
New vacancies at employment and economic development offices 30 32 8,2
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 2014, November. Statistics Finland.

 
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