Finland's main challenges will be reducing high labor costs and boosting demand for its exports. The increase is EUR 4.80 per day. The data reached an all-time high of 17.60 % in Feb 1994 and a record low of 2.80 % in Jan 1990. Finnish Jobless Rate Rises to 8.1% in March, Finnish Consumer Morale Strongest Since 2018, Finnish Inflation Rate at 23-Month High of 1.3%, Finnish Current Account Swings to Surplus in February, Finnish Q4 GDP Growth Rate Revised Up to 0.4%, Finnish Producer Prices Fall for 5th Month, Finnish Industrial Output Rises the Least in 4 months, Argentina Industrial Production Hits Record High, South African Stocks End Cautiously Higher. Definition: This entry contains the percent of the labor force that is without jobs. Statista. This is a remarkably high number, as the total number of officially unemployed persons is 197,000. Finland's unemployment rate increased to 8.1 percent in February of 2021 from 6.9 percent in the same month the previous year. Finland: Unemployment rate from 1999 to 2020 [Graph]. When you are ageing Ageing unemployed persons may be entitled to, for instance, additional days of unemployment allowance. Observation: Meanwhile, the unemployment rate rose to a near three-year high in September and consumer confidence decreased in the same month to its lowest value since May, likely capping private spending. The job vacancy survey produces quarterly information about open job vacancies in Finland. Labour force survey The Labour Force Survey collects statistical data on the participation in work, employment, unemployment and activity of persons outside the labour force among the population aged between 15 and 89. The European Commission defines structural unemployment as the “natural” rate of unemployment that “the economy would settle at … Occupational accident statistics See Also. Corporate solution including all features. (October 13, 2020). Finland Economic Outlook. There are currently 149,000 people in disguised unemployment, up 28 per cent from last year. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Finland's unemployment rate increased to 7.8 percent in December of 2020 from 6.0 percent in the same month the previous year. Without increases, the amount of the unemployment benefit is on average EUR 726 per month (21.5 x EUR 33.78). Finland - Unemployment Data. Unemployment rate in Finland 2010-2020, by age group. The unemployment rate for the 15 to 74 age group rose to 8.1 percent in March from 7.3 percent in the same month last year. Unemployment rate: 6.63% (2019 est.) Quick Analysis with our professional Research Service: Show sources information You only have access to basic statistics. The Federation of Unemployment Funds in Finland (TYJ) informs that you can claim earnings-related allowance from an unemployed fund if you have been working before and meet the following criteria: 1. This was the highest jobless rate since last May, as the number of unemployed increased by 41 thousand to 235 thousand while the number of employed declined by 61 thousand to 2.47 million. Read more Finland: Unemployment rate from 1999 to 2020 Then you will be able to mark statistics as favourites and use personal statistics alerts. Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 100.83 Amplitude adjusted Long-term average = 100 Mar-21 Finland Long-term average = 100 Household disposable income Indicator: 1.8 Net Annual growth rate (%) Register in seconds and access exclusive features. This is lower than the long term average of 9.03%. In October-December, the unemployment rate was 7.0 per cent in the Helsinki Region and7.4 per cent in Finland as a whole. Chart. Basic Info. Profit from additional features by authenticating your Admin account. All figures are modeled ILO estimates. In Finland, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. Finland unemployment rate, percentage of total Finnish labor force. 2019. Unemployment benefits include earnings-related daily unemployment allowance, basic unemployment allowance and labour market subsidy. Substantial underemployment might be noted. Harmonized Unemployment Rate: Total: All Persons for Finland (LRHUTTTTFIM156S) Nov 2020: 7.8 | Percent | Monthly | Updated: Jan 21, 2021. Are you interested in testing our corporate solutions? Finland unemployment rate for 2019 was 6.60%, a 0.77% decline from 2018. Then you can access your favorite statistics via the star in the header. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Finland … Unemployment, total (% of total labor force) (modeled ILO estimate) from The World Bank: Data Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Please authenticate by going to "My account" → "Administration". 2016. Meanwhile, the unemployment rate for young people aged 15 to 24 stood at 20 percent in December, which was 5.2 percentage points higher than a year earlier. GDP growth forecast: Western Europe, U.S., U.K. and Germany 2010-2023, Share of economic sectors in the GDP in Finland 2019, Gross domestic product (GDP) growth rate in Finland 2026. The Labour Force Survey collects statistical data on the participation in work, employment, unemployment and activity of persons outside the labour force among the population aged between 15 and 74. The monthly sample consists of some 12,000 … In 2020, the unemployment rate in Finland was at approximately 6.66 percent. 7.38% (2018 est.) Accessed May 06, 2021. https://www.statista.com/statistics/328297/unemployment-rate-in-finland/, World Bank. Nov 2020: You must pay tax on the unemployment benefit. In relative terms, the region with the highest percentage of unemployed job seekers of the foreign workforce is North Karelia, whose capital is the city of Joensuu, where 700 of the 1,694 persons that make up its immigrant labor force (or 41.3%) are in … Figures have been rounded. Finland's unemployment rate increased to 8.1 percent in March of 2021 from 7.3 percent in the same month the previous year. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. The activity rate was up to 65.8 percent in March from 64.6 percent a year earlier, and the employment rate rose to 70.7 percent from 70.2 percent. The number of unemployed increased by 24 thousand to 219 thousand while the number of employed increased by 22 thousand to 2.496 million. Unemployment Rate in Finland averaged 6.43 percent from 1959 until 2021, reaching an all time high of 19.90 percent in May of 1994 and a record low of 0.70 percent in September of 1961. 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It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. 1959-2021 Data | 2022-2023 Forecast | Calendar. "Finland: Unemployment Rate from 1999 to 2020. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Learn more about how Statista can support your business. Finland is one of the OECD countries in which teachers enjoy comparatively better working conditions, especially women teaching in upper secondary schools. "Finland: Unemployment rate from 1999 to 2020." Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, … Statistics Finland on Tuesday revealed that the seasonally adjusted unemployment rate dropped to 7.3 per cent in July. The activity rate was up to 65.5 percent in February from 64.7 percent a year earlier, and the employment rate fell to 70.0 percent from 70.3 percent. The number of unemployed workers decreased by 15,000, leaving a total of 220,000 jobless workers during the month. Finland's unemployment rate increased to 8.7 percent in January of 2021 from 7.1 percent in the same month the previous year. The Trading Economics Application Programming Interface (API) provides direct access to our data. At the beginning of their career, ... Unemployment rate of 25-64 year-olds - Women 2012 2008 2012 2008 2012 2008. 2018. Unemployment Rate: Aged 15-64: All Persons for Finland (LRUN64TTFIQ156N) Q3 2020: 7.9 | Percent | Quarterly | Updated: Jan 21, 2021. Please create an employee account to be able to mark statistics as favorites. The data is reported by reported by CEIC Data. ", World Bank, Finland: Unemployment rate from 1999 to 2020 Statista, https://www.statista.com/statistics/328297/unemployment-rate-in-finland/ (last visited May 06, 2021), Finland: Unemployment rate from 1999 to 2020, Gross domestic product (GDP) in Finland 2026, Annual business confidence index for the industrial sector in EU 2008-2022, Annual business confidence index for the industrial sector Finland 2008-2022, Industry revenue of »manufacture of communication equipment« in Finland 2011-2023, Industry revenue of »manufacture of paper and paperboard« in Finland 2011-2023, Industry revenue of »manufacture of basic iron, steel, ferro-alloys« in Finland 2011-2023, Industry revenue of »sawmilling and planing of wood« in Finland 2011-2023, Industry revenue of »manufacture of lifting and handling equipment« in Finland 2011-2023, Annual business confidence index for the service sector Finland 2008-2022, Industry revenue of »engineering activities, related technical consultancy« in Finland 2011-2023, Industry revenue of »business and other management consultancy activities« in Finland 2011-2023, Industry revenue of »general cleaning of buildings« in Finland 2011-2023, Industry revenue of »temporary employment agency activities« in Finland 2011-2023, Industry revenue of »taxi operation« in Finland 2011-2023, Annual business confidence index for the retail sector Finland 2008-2022, Industry revenue of »retail sale in non-specialised stores with food« in Finland 2011-2023, Industry revenue of »sale of cars and light motor vehicles« in Finland 2011-2023, Industry revenue of »retail sale of hardware, paints and glass« in Finland 2011-2023, Industry revenue of »dispensing chemist in specialised stores« in Finland 2011-2023, Industry revenue of »retail sale of watches and jewellery« in Finland 2011-2023, Unemployment rate of vocational graduates in Finland 2012, by field of education, Number of mobile connections in Finland 2012-2019, Production value of the advertising and market research industry in Finland 2008-2017, National Health Insurance financing in Finland 2015, by type of financing, Share of laptop use for connecting to a wireless network in Finland 2016, by activity, Mobile phone usage for connecting to wireless internet in Finland 2016, by area, Demand of permanent big data architects annually in the UK 2008-2013, Chilled precooked fish purchase value in households in France 2009-2018, Wholesale of other intermediate products revenue in Luxembourg 2010-2022, Household expenditure on tools in Turkey 2002-2019, Polymers of ethylene: sales value in the United Kingdom (UK) 2010-2019, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Finland’s unemployment rate fell to 8.1% in February from 8.7% in January. facts. The number of unemployed persons increased by 24,000 to 219,000 in March from 195,000 in the last year. Below upper secondary 13% 9% 13% 9% 16% 11% 16 of 35 The number of unemployed increased by 35 thousand to 220 thousand while the number of employed declined by 6 thousand to 2.48 million. Finland Unemployment Rate remained the same at 8.20 % in Dec 2020, from the previously reported number of 8.20 % in Nov 2020. 2017. World Bank. This was the highest jobless rate since June, as the number of unemployed increased by 48 thousand to 212 thousand while the number of employed declined by 67 thousand to 2.13 million. Unemployment Report days of unemployment Kela pays unemployment benefits on the basis of the unemployment status report. Employment Rate in Finland increased to 70.00 percent in February of 2021 from 69.90 percent in January of 2021. In addition, migrants to Finland are more likely than native-born Finns to work in jobs that do not match their education or skills (see, for example, Myrskylä & Pyykkönen 2014, 19–26). and over 1 Mio. 9.3. Finnish economists expect GDP to grow a rate of 2-3% in the next few years. In, World Bank. On the external front, merchandise exports continued to fall in July–August, albeit at a softer pace compared to Q2. Employment Rate in Finland averaged 67.86 percent from 1988 until 2020, reaching an all time high of 79.60 percent in June of 1988 and a record low of 56.80 percent in January of 1994. According to Statistics Finland’s sample-based Labour Force Survey, the unemployment rate in the Helsinki Region rose by 1.1 percentage points during the fourth quarter of 2020. Youth unemployment In October 2020, 3.115 million young persons (under 25) were unemployed in the EU, of whom 2.551 million were in the euro area.In October 2020, the youth unemployment rate was 17.5% in the EU and 18.0% in the euro area, up from 17.4% and 17.9% respectively in the previous month. According to the structural unemployment indicator based on labour market flows, unemployment in Finland is at slightly over 8%. Finland unemployment rate was at level of 8.4 % in 2020, up from 6.8 % previous year.