The employment rate will rise to 73.5 per cent in December, unemployment will fall

The employment rate will rise to 73.5 per cent in December, unemployment will fall

The employment trend in Finland rose to 73.5 per cent in December, and there were 128,000 more employed than a year earlier, according to Statistics Finland’s recent labor force survey.

The figures of the Number Office also revealed that there were 16,000 fewer unemployed in Finland last month than in December 2020. The unemployment rate was thus 7.0 per cent.

Statistics Finland defines an employed person as aged 18–74 who was employed in the last week of the year and was not registered with the Ministry of Employment and the Economy as an unemployed jobseeker or in the conscript or civilian service. service roles.

Employment and unemployment rates can vary considerably from month to month due to seasonal and other factors. Statistics Finland compared the development with the same month of previous years, so that long-term development could be observed.

In response to the latest labor force survey, Chief Economist of the Central Chamber of Commerce Jukka Appelqvist wrote on Twitter that employment growth has been very strong.

However, he also noted that the situation of the long-term unemployed remains grim, citing the report’s finding that the number of people unemployed for more than a year has risen by 16 per cent to more than 107,000.

Source: The Nordic Page


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