Finland's unemployment rate increased to 7.8 percent in December of 2020 from 6.0 percent in the same month the previous year. 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. The activity rate was down to 65.6 percent in December from 66.2 percent a year earlier, and the employment rate fell to 70.7 percent from 73.0 percent. 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. 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 February of 2021.

Unemployment Rate in Finland is expected to be 8.80 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 9.00 in 12 months time. In the long-term, the Finland Unemployment Rate is projected to trend around 7.20 percent in 2022, according to our econometric models.

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Finland Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.80 6.90 19.90 0.70 1959 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-20 05:00 AM Sep 7.6% 7.7% 8.1%
2020-11-24 06:00 AM Oct 7.4% 7.6% 8.3%
2020-12-22 06:00 AM Nov 6.9% 7.4% 7.8%
2021-01-28 06:00 AM Dec 7.8% 6.9% 7.3%
2021-03-02 06:00 AM Jan 7.8%
2021-03-24 06:00 AM Feb
2021-04-23 05:00 AM Mar
2021-05-27 05:00 AM Apr


News Stream
Finnish Jobless Rate Rises to 6-Month High
Finland's unemployment rate increased to 7.8 percent in December of 2020 from 6.0 percent in the same month the previous year. 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. The activity rate was down to 65.6 percent in December from 66.2 percent a year earlier, and the employment rate fell to 70.7 percent from 73.0 percent. 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.
2021-01-28
Finnish Jobless Rate Rises to 6.9% in November
Finland's unemployment rate increased to 6.9 percent in November of 2020 from 5.9 percent in the same month the previous year, as the number of unemployed rose by 27 thousand to 187 thousand while the number of employed increased by 16 thousand to 2.21 million. The activity rate was up to 66.0 percent in November from 65.5 percent a year earlier, and the employment rate accelerated to 71.8 percent from 71.7 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 stood at 16.5 percent in November, which was 4.7 percentage points higher than a year earlier.
2020-12-22
Finnish Jobless Rate Rises to 7.4% in October
Finland's unemployment rate increased to 7.4 percent in October of 2020 from 6.2 percent in the same month the previous year, as the number of unemployed rose by 34 thousand to 203 thousand while the number of employed dropped by 27 thousand to 2.53 million. The activity rate was up to 66.2 percent in October from 66.0 percent a year earlier, and the employment rate eased to 71.5 percent from 72.0 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 stood at 18.6 percent in October, which was 3.7 percentage points higher than a year earlier.
2020-11-24
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

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.