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.


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Finland Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.20 6.00 19.90 0.70 1959 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-26 06:00 AM Oct 6.2% 5.9% 6%
2019-12-20 06:00 AM Nov 5.9% 6.2% 6.2%
2020-01-24 06:00 AM Dec 6% 5.9% 6%
2020-02-25 06:00 AM Jan 7.2% 6% 6.2%
2020-03-24 06:00 AM Feb 7.2%
2020-04-23 05:00 AM Mar 6.90%
2020-05-27 05:00 AM Apr
2020-06-24 05:00 AM May


News Stream
Finnish Jobless Rate Rises to 7.2% in January
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.
2020-02-25
Finnish Jobless Rate Rises to 6% in December
Finland's unemployment rate increased to 6.0 percent in December 2019 from 5.4 percent in the same month the previous year. The number of unemployed declined by 18 thousand to 164 thousand while the number of employed rose by 17 thousand to 2.57 million. The activity rate rose to 66.2 percent in December from 65.4 percent a year earlier, and the employment rate went up to 73.0 percent from 72.1 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 rose to 14.8 percent in December from 9.3 percent in the preceding year.
2020-01-24
Finnish Jobless Rate Drops to 5.9% in November
Finland's unemployment rate fell to 5.9 percent in November 2019 from 6.2 percent in the same month of the previous year. The number of unemployed persons declined by 8 thousand to 160 thousand while the number of employed rose by 9 thousand to 2.54 million. The activity rate was unchanged at 65.5 percent in November and the employment rate edged up to 71.7 percent from 71.5 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 dropped to 11.8 percent in November from 12.5 percent in the preceding year.
2019-12-20
Finnish Jobless Rate Inches Lower to 6.2% in October
Finland's unemployment rate edged down to 6.2 percent in October 2019 from 6.3 percent in the same month of the previous year. The number of unemployed persons declined by 2 thousand to 169 thousand while the number of employed rose by 22 thousand to 2.56 million. The activity rate went up to 66.0 percent in October from 65.6 a year earlier, and the employment rate increased to 72.0 percent from 71.5 percent. Meanwhile, the unemployment rate for young people aged 15 to 24 stood at 14.9 percent in October, almost unchanged from the preceding year.
2019-11-26

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.