Finland's unemployment rate dropped to 6.2 percent in November 2018 from 7.1 percent in the same month of the previous year. The number of unemployed declined by 22 thousand to 168 thousand while the number of employed went up by 38 thousand to 2.53 million. Also, the activity rate rose to 65.5 percent in November from 65.2 percent a year ago. Meanwhile, the unemployment rate for young people aged 15 to 24 fell to 12.5 percent from 14.9 percent in the preceding year. Unemployment Rate in Finland averaged 6.39 percent from 1959 until 2018, 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.

Unemployment Rate in Finland is expected to be 7.40 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 7.20 in 12 months time. In the long-term, the Finland Unemployment Rate is projected to trend around 7.10 percent in 2020, according to our econometric models.

Finland Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-25 06:00 AM Unemployment Rate 6.8% 6.5% 6.5%
2018-10-23 06:00 AM Unemployment Rate 6.3% 6.8% 7%
2018-11-20 07:00 AM Unemployment Rate 6.3% 6.3% 6.5%
2018-12-21 07:00 AM Unemployment Rate 6.2% 6.3% 6.4%
2019-01-24 07:00 AM Unemployment Rate 6.2% 7.40%
2019-02-26 07:00 AM Unemployment Rate 8.50%
2019-03-26 07:00 AM Unemployment Rate 8.50%


Finland Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.20 6.30 19.90 0.70 percent [+]
Employed Persons 2534.00 2535.00 2688.00 1942.00 Thousand [+]
Unemployed Persons 168.00 171.00 512.00 15.00 Thousand [+]
Labor Force Participation Rate 65.50 65.60 73.80 62.00 percent [+]
Long Term Unemployment Rate 1.40 1.60 5.50 1.10 percent [+]
Youth Unemployment Rate 17.70 17.70 35.70 8.30 percent [+]
Labour Costs 109.24 108.88 111.98 28.40 Index Points [+]
Job Vacancies 43502.00 46446.00 77558.00 2624.00 [+]
Wages 3470.00 3458.00 3470.00 2009.00 EUR/Month [+]
Wages in Manufacturing 102.00 101.90 102.00 40.60 Index Points [+]
Population 5.51 5.50 5.51 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 349.20 367.30 381.10 225.90 Thousand [+]
Wages Low Skilled 1980.00 2000.00 2000.00 1580.00 EUR/Month [+]
Wages High Skilled 4250.00 4230.00 4250.00 3650.00 EUR/Month [+]
Productivity 107.50 102.80 109.00 59.30 Index 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 [+]
Employment Change 0.30 0.60 1.70 -2.70 percent [+]
Employment Rate 71.50 71.50 79.60 56.80 percent [+]
Full Time Employment 2148.00 2127.50 2243.80 1868.00 Thousand [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.20 6.30 19.90 0.70 1959 - 2018 percent Monthly
NSA




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.60 Nov/18
Turkey 11.60 Oct/18
Italy 10.50 Nov/18
France 9.10 Sep/18
Argentina 9.00 Sep/18
Euro Area 7.90 Nov/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Dec/18
Indonesia 5.34 Sep/18
Australia 5.10 Nov/18
Russia 4.80 Nov/18
United Kingdom 4.10 Oct/18
United States 3.90 Dec/18
China 3.80 Dec/18
South Korea 3.80 Dec/18
Netherlands 3.60 Dec/18
India 3.52 Dec/17
Germany 3.30 Nov/18
Mexico 3.30 Nov/18
Switzerland 2.70 Dec/18
Japan 2.50 Nov/18
Singapore 2.10 Sep/18


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