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.

Unemployment Rate in Finland averaged 6.41 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 August of 2020. source: Statistics Finland

Unemployment Rate in Finland is expected to be 11.50 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 9.60 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
7.90 10.60 19.90 0.70 1959 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-23 05:00 AM Mar 7.3% 6.9% 7.3%
2020-05-27 05:00 AM Apr 8.1% 7.3% 8.2%
2020-06-24 05:00 AM May 10.6% 8.1% 8.3%
2020-07-21 05:00 AM Jun 7.9% 10.6% 11%
2020-08-25 05:00 AM Jul 7.9%
2020-09-22 05:00 AM Aug
2020-10-20 05:00 AM Sep 11.5%
2020-11-24 06:00 AM Oct


News Stream
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
Finnish Jobless Rate Rises to 10.6% in May
Finland's unemployment rate increased to 10.6 percent in May 2020 from 8.8 percent in the same month the previous year, as the number of unemployed rose by 46 thousand to 295 thousand while the number of employed dropped by 96 thousand to 2.49 million. The activity rate was down to 67.4 percent in May from 68.7 percent a year earlier, and the employment rate eased to 70.4 percent from 73.1 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 went up to 39 percent in May from 29.5 percent in the preceding year.
2020-06-24
Finland Jobless Rate Inches Higher in April
Finland's unemployment rate edged up to 8.1 percent in April 2020 from 8.0 percent in the same month the previous year, as the number of unemployed decreased by 3 thousand to 217 thousand while the number of employed fell by 56 thousand to 2.46 million. The activity rate was down to 64.9 percent in April from 66.4 percent a year earlier, and the employment rate eased to 70.1 percent from 71.2 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 rose to 25.2 percent in April from 23.4 percent in the preceding year.
2020-05-27
Finnish Jobless Rate Rises to 7.3% in March
Finland's unemployment rate rose to 7.3 percent in March 2020 from 7.0 percent in the same month the previous year, as the number of unemployed increased by 6 thousand to 197 thousand while the number of employed fell by 22 thousand to 2.52 million. The activity rate was down to 65.7 percent in March from 66.1 percent a year earlier, and the employment rate eased marginally to 71.3 percent from 71.8 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 rose to 25.8 percent in March from 20.4 percent in the preceding year.
2020-04-23

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.