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.