Finland's unemployment rate dropped to 6.8 percent in January 2019 from 8.8 percent in the same month of the previous year. The number of unemployed declined by 57 thousand to 181 thousand, while the number of employed went up by 36 thousand to 2.50 million. Meanwhile, the activity rate fell to 64.9 percent in January from 65.5 percent a year ago. The unemployment rate for young people aged 15 to 24 fell to 16.3 percent from 17.6 percent in the preceding year. Unemployment Rate in Finland averaged 6.39 percent from 1959 until 2019, 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 8.30 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 6.00 in 12 months time. In the long-term, the Finland Unemployment Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.