The unemployment rate in Finland dropped to 5.8 percent in October 2022 from 6.0 percent in the same month in the previous year, pointing to the lowest reading since December 2018. The number of unemployed fell by 2 thousand to 162 thousand, while the number of employed rose by 66 thousand to 2.64 million. The unemployment rate for people aged 15 to 24 stood at 9.8 percent in October, which was 2.6 percentage points lower than a year ago. The activity rate was up to 67.9 percent in October from 66.3 percent a year earlier, and the employment rate increased to 74.3 percent from 72.3 percent. source: Statistics Finland

Unemployment Rate in Finland averaged 6.46 percent from 1959 until 2022, 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 November of 2022.

Unemployment Rate in Finland is expected to be 7.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Finland Unemployment Rate is projected to trend around 7.20 percent in 2023, according to our econometric models.

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Finland Unemployment Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-25 05:00 AM Sep 6.7% 6.7% 7%
2022-11-22 06:00 AM Oct 5.8% 6.7% 7.2%
2022-12-22 06:00 AM Nov 5.8%


Related Last Previous Unit Reference
Unemployment Rate 5.80 6.70 percent Oct 2022
Employed Persons 2636.00 2613.00 Thousand Oct 2022
Unemployed Persons 162.00 189.00 Thousand Oct 2022
Labor Force Participation Rate 67.90 68.00 percent Oct 2022
Youth Unemployment Rate 9.80 15.00 percent Oct 2022
Wages 3758.00 3723.00 EUR/Month Jun 2022
Wages in Manufacturing 110.70 109.70 points Sep 2022
Population 5.55 5.53 Million Dec 2021
Employment Rate 74.30 73.40 percent Oct 2022
Wage Growth 6.10 6.60 percent Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.80 6.70 19.90 0.70 1959 - 2022 percent Monthly
NSA

News Stream
Finnish Jobless Rate Lowest in Near 4 Years
The unemployment rate in Finland dropped to 5.8 percent in October 2022 from 6.0 percent in the same month in the previous year, pointing to the lowest reading since December 2018. The number of unemployed fell by 2 thousand to 162 thousand, while the number of employed rose by 66 thousand to 2.64 million. The unemployment rate for people aged 15 to 24 stood at 9.8 percent in October, which was 2.6 percentage points lower than a year ago. The activity rate was up to 67.9 percent in October from 66.3 percent a year earlier, and the employment rate increased to 74.3 percent from 72.3 percent.
2022-11-22
Finnish Jobless Rate Unchanged at 6.7%
Finland's unemployment rate stood at 6.7 percent in September of 2022, unchanged from the same month in the previous year. The number of unemployed fell by 2 thousand to 189 thousand, while the number of employed rose by 86 thousand to 2.61 million.The unemployment rate for people aged 15 to 24 stood at 15 percent in September, which was 4.8 percentage points higher than a year ago. The activity rate was up to 68.0 percent in September from 65.9 percent a year earlier, and the employment rate was up to 73.4 percent from 71.7 percent.
2022-10-25
Finnish Jobless Rate Up to 6.7%
Finland's unemployment rate increased to 6.7 percent in August of 2022 from 6.5 percent in the same month the previous year. The number of unemployed rose by 8 thousand to 187 thousand, while the number of employed rose by 30 thousand to 2.62 million. The unemployment rate for people aged 15 to 24 stood at 8.1 percent in August, which was 2.0 percentage points lower than a year ago. The activity rate was up to 68.1 percent in August from 67.1 percent a year earlier, and the employment rate was up to 74.2 percent from 73.4 percent.
2022-09-20