Finland's unemployment rate increased to 7.6 percent in September of 2020 from 5.9 percent in the same month the previous year, as the number of unemployed rose by 47 thousand to 208 thousand while the number of employed dropped by 34 thousand to 2.54 million. The activity rate was up to 66.4 percent in September from 66.2 percent a year earlier, and the employment rate eased to 72.0 percent from 72.7 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 stood at 14.3 percent in September, which was the same as in the preceding year. source: Statistics Finland

Unemployment Rate in Finland averaged 6.42 percent from 1959 until 2020, 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. This page provides the latest reported value for - Finland Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Finland Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Unemployment Rate in Finland is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Finland to stand at 9.30 in 12 months time. In the long-term, the Finland Unemployment Rate is projected to trend around 9.00 percent in 2021 and 7.20 percent in 2022, according to our econometric models.

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Finland Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.60 7.70 19.90 0.70 1959 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-21 05:00 AM Jun 7.9% 10.6% 11%
2020-08-25 05:00 AM Jul 7.7% 7.9% 8%
2020-09-22 05:00 AM Aug 7.7% 7.7% 8.1%
2020-10-20 05:00 AM Sep 7.6% 7.7% 8.1%
2020-11-24 06:00 AM Oct 7.6% 8.3%
2020-12-22 06:00 AM Nov 10.8%
2021-01-25 06:00 AM Dec
2021-02-25 06:00 AM Jan


News Stream
Finnish Jobless Rate Rises to 7.6% in September
Finland's unemployment rate increased to 7.6 percent in September of 2020 from 5.9 percent in the same month the previous year, as the number of unemployed rose by 47 thousand to 208 thousand while the number of employed dropped by 34 thousand to 2.54 million. The activity rate was up to 66.4 percent in September from 66.2 percent a year earlier, and the employment rate eased to 72.0 percent from 72.7 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 stood at 14.3 percent in September, which was the same as in the preceding year.
2020-10-20
Finnish Jobless Rate Rises to 7.7% in August
Finland's unemployment rate increased to 7.7 percent in August of 2020 from 6.1 percent in the same month the previous year, as the number of unemployed rose by 41 thousand to 211 thousand while the number of employed dropped by 65 thousand to 2.53 million. The activity rate was down to 66.3 percent in July from 67.1 percent a year earlier, and the employment rate eased to 71.5 percent from 73.5 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 went up to 18.0 percent in August from 14.1 percent in the preceding year.
2020-09-22
Finnish Jobless Rate Rises to 7.7% in July
Finland's unemployment rate increased to 7.7 percent in July of 2020 from 6.0 percent in the same month the previous year, as the number of unemployed rose by 47 thousand to 216 thousand while the number of employed dropped by 51 thousand to 2.58 million. The activity rate was down to 67.5 percent in July from 67.8 percent a year earlier, and the employment rate eased to 73.2 percent from 74.5 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 went up to 16.0 percent in July from 9.4 percent in the preceding year
2020-08-25
Finnish Jobless Rate Rises to 7.9% in June
Finland's unemployment rate increased to 7.9 percent in June 2020 from 6.2 percent in the same month the previous year, as the number of unemployed rose by 47 thousand to 223 thousand while the number of employed dropped by 87 thousand to 2.59 million. The activity rate was down to 67.9 percent in June from 69.1 percent a year earlier, and the employment rate eased to 73.7 percent from 75.7 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 went up to 20.9 percent in June from 15.2 percent in the preceding year.
2020-07-21

Finland Unemployment Rate
In Finland, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.