Finland's unemployment rate dropped to 8.0 percent in April 2019 from 8.6 percent in the same month of the previous year. The number of unemployed persons declined by 13 thousand to 220 thousand while the number of employed increased by 29 thousand to 2.520 million. Meanwhile, the activity rate rose to 66.4 percent in April from 66.1 a year earlier and the employment rate went up to 71.2 percent from 70.1 percent. The unemployment rate for young people aged 15 to 24 fell to 23.4 percent in April from 23.6 percent in the preceding year. Unemployment Rate in Finland averaged 6.40 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 6.50 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 7.80 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.