Finland's unemployment rate declined to 6.5 percent in August of 2021 from 7.8 percent in the same month the previous year. This was the lowest jobless rate since last December 2019, as the number of unemployed fell by 33 thousand to 202 thousand, while the number of employed increased 104 thousand to 2.588 million. The unemployment rate for people aged 15 to 24 stood at 10.1 percent in August, which was 7.8 percentage points lower than a year earlier. The activity rate was up to 67.1 percent in July from 65.2 percent a year earlier, and the employment rate rose to 73.4 percent from 70.1 percent. source: Statistics Finland

Unemployment Rate in Finland averaged 6.44 percent from 1959 until 2021, 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 October of 2021.

Unemployment Rate in Finland is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-06-22 05:00 AM May 9.6% 9.0% 10.4%
2021-07-27 05:00 AM Jun 7.6% 9.6% 8%
2021-08-24 05:00 AM Jul 7.1% 7.6% 7.3%
2021-09-21 05:00 AM Aug 6.5% 7.1% 7%
2021-10-20 05:00 AM Sep 6.5% 6.9%
2021-11-24 06:00 AM Oct 7.2%
2021-12-22 06:00 AM Nov 6.9%


News Stream
Finnish Jobless Rate Falls to 20-Month Low
Finland's unemployment rate declined to 6.5 percent in August of 2021 from 7.8 percent in the same month the previous year. This was the lowest jobless rate since last December 2019, as the number of unemployed fell by 33 thousand to 202 thousand, while the number of employed increased 104 thousand to 2.588 million. The unemployment rate for people aged 15 to 24 stood at 10.1 percent in August, which was 7.8 percentage points lower than a year earlier. The activity rate was up to 67.1 percent in July from 65.2 percent a year earlier, and the employment rate rose to 73.4 percent from 70.1 percent.
2021-09-21
Finnish July Jobless Rate Falls to 8-Month Low
Finland's unemployment rate declined to 7.1 percent in July of 2021 from 7.5 percent in the same month the previous year. This was the lowest jobless rate since last November, as the number of unemployed fell by 4 thousand to 202 thousand, while the number of employed increased 86 thousand to 2.639 million. The unemployment rate for people aged 15 to 24 stood at 40 thousand in July, which was 14 thousand lower in the prior year. The activity rate was up to 68.9 percent in July from 66.7 percent a year earlier, and the employment rate rose to 74.9 percent from 72.6 percent.
2021-08-24
Finnish Jobless Rate Ticks Lower
Finland's unemployment rate edged down to 7.6 percent in June of 2021 from 7.7 percent in the same month the previous year. The number of unemployed rose by 6 thousand to 220 thousand, while the number of employed went up 121 thousand to 2.677 million. The unemployment rate for people aged 15 to 24 stood at 16 percent in June, which was 4.7 percentage points lower in the prior year. The activity rate was up to 70.3 percent in June from 67.0 percent a year earlier, and the employment rate rose to 75.8 percent from 72.8 percent.
2021-07-27
Finnish Jobless Rate Falls to 9.6% in May
Finland's unemployment rate declined to 9.6 percent in May of 2021 from 10.9 percent in the same month the previous year. The number of unemployed decreased by 25 thousand to 300 thousand, while the number of employed advanced by 138 thousand to 2.580 million. The unemployment rate for people aged 15 to 24 stood at 28.1 percent, which was 11.1 percentage points lower than one year previously. The activity rate was up to 69.2 percent in May from 66.3 percent a year earlier, and the employment rate rose to 73.0 percent from 69.1 percent.
2021-06-22

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.

Finland Last Unit Reference Previous Highest Lowest
Unemployment Rate 6.50 percent Aug/21 7.10 19.90 0.70
Employed Persons 2588.00 Thousand Aug/21 2639.00 2688.00 1942.00
Unemployed Persons 179.00 Thousand Aug/21 202.00 512.00 15.00
Labor Force Participation Rate 67.10 percent Aug/21 68.90 73.80 62.00
Youth Unemployment Rate 10.10 percent Aug/21 8.70 51.90 3.20
Wages 3632.00 EUR/Month Mar/21 3619.00 3632.00 2009.00
Wages in Manufacturing 107.20 points Jun/21 106.10 107.20 40.60
Population 5.53 Million Dec/20 5.52 5.53 4.41
Employment Rate 73.40 percent Aug/21 74.90 79.60 56.80
Wage Growth 0.20 percent Mar/21 0.50 8.50 -3.90