Finland's unemployment rate increased to 7.2 percent in January 2020 from 6.8 percent in the same month the previous year, as the number of unemployed rose by 15 thousand to 196 thousand and the number of employed grew by 45 thousand to 2.54 million. The activity rate went up to 66.3 percent in January from 64.9 percent a year earlier, and the employment rate advanced to 72.1 percent from 70.6 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 rose to 19.8 percent in January from 16.3 percent in the preceding year.
Unemployment Rate in Finland averaged 6.40 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. source: Statistics Finland
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. Looking forward, we estimate Unemployment Rate in Finland to stand at 5.90 in 12 months time. In the long-term, the Finland Unemployment Rate is projected to trend around 5.80 percent in 2021, according to our econometric models.