Published: 25 July 2017

Unemployment rate 8.9 per cent in June

According to Statistics Finland’s Labour Force Survey, the number of unemployed persons in June 2017 was 250,000, which was 14,000 lower than one year ago. The unemployment rate was 8.9 per cent, having been 9.3 per cent in June of the year before. There were 15,000 more employed than in June of the previous year. The unemployment rate was 9.9 per cent in the second quarter (April to June), having been 10.0 per cent in the respective quarter of 2016.

Unemployment rate and trend of unemployment rate 2007/06–2017/06, persons aged 15–74

Unemployment rate and trend of unemployment rate 2007/06–2017/06, persons aged 15–74

In June 2017, the number of employed persons was 2,573,000 (margin of error ±34,000), which was 15,000 more than a year earlier. There were 17,000 fewer employed men and 33,000 more employed women than in June 2016.

In June 2017, the employment rate , that is, the proportion of the employed among persons aged 15 to 64, stood at 72.5 per cent, having been 72.0 per cent one year earlier. The employment rate for men fell by 1.3 percentage point from last year’s June to 73.5 per cent. Women's employment rate rose by 2.2 percentage points to 71.5 per cent. Adjusted for seasonal and random variation, the trend of the employment rate was 69.2 per cent.

According to Statistics Finland's Labour Force Survey, there were 250,000 unemployed in June 2017 (margin of error ±20,000), i.e. 14,000 fewer than one year earlier. The number of unemployed men was 136,000 and that of women 114,000.

At 8.9 per cent, the unemployment rate was 0.5 percentage points lower in June than one year earlier. Men’s unemployment rate was 9.2 per cent and women’s 8.4 per cent. The trend of the unemployment rate was 8.7 per cent.

In June, there were a total of 628,000 young people aged 15 to 24 . Of them, 337,000 were employed and 93,000 unemployed. The number of young people in the active population, i.e. the employed and unemployed in total, was 430,000. In June, the unemployment rate for young people aged 15 to 24, that is, the proportion of the unemployed among the labour force, stood at 21.7 per cent, which was 1.7 percentage points higher than one year previously. The trend of the unemployment rate among young people was 20.7 per cent. The share of unemployed young people aged 15 to 24 among the population of the same age was 14.9 per cent.

There were 1,290,000 persons in the inactive population in June 2017, which was 4,000 more than one year earlier. Of the inactive population, 159,000 persons were in disguised unemployment , which was slightly fewer than in June 2016.

Changes in employment 2016/06 – 2017/06 according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

  Year/Month Change
2016/06 2017/06 2016/06 - 2017/06
1000 persons Per cent, %
Population total 4 108 4 113 0,1
Active population total 2 822 2 823 0,1
Employed 2 558 2 573 0,6
– employees 2 205 2 245 1,8
– self-employed persons and unpaid family workers 353 329 –6,7
Unemployed 264 250 –5,2
Inactive population 1 286 1 290 0,3
– Persons in disguised unemployment 161 159 –1,2
  Per cent, % Percentage points
Employment rate, persons aged 15 to 64 72,0 72,5 0,5
Unemployment rate 9,3 8,9 –0,5
Activity rate 68,7 68,6 –0,1
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

Labour Force Survey data for the second quarter of 2017

In the second quarter of 2017, the average number of employed persons was 2,494,000, or 17,000 higher than in the corresponding period in 2016. The number of employed persons increased most in the financial, insurance and real estate activities (K, L), as well as in education (P).

The number of hours worked by employed persons was 3.4 per cent lower in the second quarter of 2017 than twelve months previously.

The average number of unemployed persons in the second quarter of 2017 was 275,000, which was the same as in the April to June period of 2016. The unemployment rate was 9.9 per cent in the second quarter of 2017, having been 10.0 per cent one year earlier.

In the second quarter of 2017, the number of persons in the inactive population was 1,342,000, which was 15,000 fewer than a year earlier. Of the inactive population, 139,000 persons were in disguised unemployment , which was 5,000 fewer than in the corresponding period of 2016.

Changes in employment 2016/II – 2017/II according to Statistics Finland’s Labour Force Survey, population aged 15 to 74

  Year/Quarter Change
2016/II 2017/II 2016/II - 2017/II
1000 persons Per cent (%)
Active population total 2 752 2 769 0,6
Employed persons total 2 477 2 494 0,7
Unemployed total 275 275 0,0
– men 145 145 0,4
– women 131 130 –0,5
Inactive population 1 357 1 342 –1,1
– Persons in disguised unemployment 143 139 –3,4
Unrounded figures are used in the Change column.
The data comply with the ILO/EU definition.

Employment Service Statistics of the Ministry of Economic Affairs and Employment

At the end of June 2017, there were altogether 320,000 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 46,000 lower than in June 2016.

Unemployment fell in June from the corresponding period in 2016 in the areas of all Employment and Economic Development Centres: most in Pirkanmaa (–22%), Kainuu (–19%), Central Finland (–18%) and South Ostrobothnia (–16%). At the end of June, the number of fully laid off persons registered at the employment and economic development offices was 13,000, which was 8,000 fewer than twelve months earlier.

The number of persons engaged in services included in the activation rate totalled 108,000 at the end of June, which was the same as in June of the year before. Altogether, 3.8 per cent of the labour force was covered by labour market policy services.

There were 46,000 unemployed job seekers aged under 25 registered at the employment and economic development offices. Their number was 8,000 lower than in last year's June. During this June, 44,000 new vacancies were reported to the employment and economic development offices, which was 5,000 more than in June 2016.

Changes 2016/06–2017/06 according to the Employment Service Statistics of the Ministry of Economic Affairs and Employment

  Year/Month Change
2016/06 2017/06 2016/06 - 2017/06
1000 persons Per cent, %
Unemployed job seekers 366 320 –12,6
– unemployed over a year 127 106 –16,5
Services, total 108 108 0,3
– employed 24 25 2,6
– in labour market training, in training 19 18 –5,7
– engaged in work/training trials 11 10 –3,8
– as a job alternation substitute, in rehabilitative work, self-motivated studies supported by unemployment benefit 54 55 2,3
New vacancies at employment and economic development offices 39 44 12,4
Unrounded figures are used in the Change column.

Contact information for the Ministry of Economic Affairs and Employment:
Petri Syvänen tel. +358 29 504 8050,  http://www.temtyollisyyskatsaus.fi/graph/tkat/tkat.aspx?lang=en#

Links

Labour Force Survey tables in databases

About seasonally adjusted trend

The accuracy of figures and the margins of error are explained in the quality description of the Labour Force Survey .

Comparison between the employment statistics of Statistics Finland and the Ministry of Economic Affairs and Employment

Latest seasonally adjusted employment figures published by the EU can be found on Eurostat's home page http://ec.europa.eu/eurostat

Job vacancy survey

Latest data on open job vacancies published by the EU can be found on Eurostat's home page http://ec.europa.eu/eurostat


Source: Labour force survey 2017, June. Statistics Finland

Inquiries: Joanna Viinikka 029 551 3796, Pertti Taskinen 029 551 2690, tyovoimatutkimus@stat.fi

Director in charge: Jari Tarkoma

Publication in pdf-format (631.3 kB)

Tables

Tables in databases

Appendix tables

Figures
Quality descriptions

Updated 25.07.2017

Referencing instructions:

Official Statistics of Finland (OSF): Labour force survey [e-publication].
ISSN=1798-7857. June 2017. Helsinki: Statistics Finland [referred: 18.8.2017].
Access method: http://www.stat.fi/til/tyti/2017/06/tyti_2017_06_2017-07-25_tie_001_en.html

Share