Long Term Unemployment Rate in Finland increased to 1.30 percent in the fourth quarter of 2019 from 1.20 percent in the third quarter of 2019.

Long Term Unemployment Rate in Finland averaged 2.15 percent from 1995 until 2019, reaching an all time high of 5.50 percent in the second quarter of 1995 and a record low of 1.10 percent in the second quarter of 2008. This page provides - Finland Long Term Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Finland Long Term Unemployment Rate - values, historical data and charts - was last updated on June of 2020. source: Eurostat

Long Term Unemployment Rate in Finland is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Long Term Unemployment Rate in Finland to stand at 1.60 in 12 months time. In the long-term, the Finland Long Term Unemployment Rate is projected to trend around 1.60 percent in 2021 and 0.10 percent in 2022, according to our econometric models.

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Finland Long Term Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.20 5.50 1.10 1995 - 2019 percent Quarterly

Finland Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.10 7.30 19.90 0.70 percent [+]
Employed Persons 2464.00 2516.00 2688.00 1942.00 Thousand [+]
Unemployed Persons 217.00 197.00 512.00 15.00 Thousand [+]
Labor Force Participation Rate 64.90 65.70 73.80 62.00 percent [+]
Long Term Unemployment Rate 1.30 1.20 5.50 1.10 percent [+]
Youth Unemployment Rate 25.20 25.80 51.90 3.20 percent [+]
Labour Costs 99.40 98.11 100.53 28.40 points [+]
Job Vacancies 52384.00 64743.00 96096.00 2624.00 [+]
Wages 3548.00 3540.00 3548.00 2009.00 EUR/Month [+]
Wages in Manufacturing 103.90 104.40 104.40 40.60 points [+]
Population 5.53 5.52 5.53 4.41 Million [+]
Retirement Age Women 63.00 63.00 63.00 63.00 [+]
Retirement Age Men 63.00 63.00 63.00 63.00 [+]
Part Time Employment 395.20 358.60 402.40 225.90 Thousand [+]
Wages High Skilled 4250.00 4230.00 4250.00 3650.00 EUR/Month [+]
Wage Growth 2.20 3.50 8.50 -2.30 percent [+]
Productivity 104.20 104.60 105.10 62.10 points [+]
Living Wage Family 1700.00 1780.00 1780.00 1650.00 EUR/Month [+]
Living Wage Individual 1160.00 1190.00 1190.00 1100.00 EUR/Month [+]
Full Time Employment 2077.90 2160.80 2243.80 1868.00 Thousand [+]
Employment Change 0.50 -0.40 1.80 -2.60 percent [+]
Employment Rate 70.10 71.30 79.60 56.80 percent [+]
Wages Low Skilled 1980.00 2000.00 2000.00 1580.00 EUR/Month [+]


Finland Long Term Unemployment Rate
In Finland, the long term unemployment rate refers to the share of unemployed persons since 12 months or more in the total number of active persons (those who are either employed or unemployed) in the labour market.