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Increase in unemployment numbers and rate in May: A closer look at Finland s labor market

Increase in unemployment numbers and rate in May: A closer look at Finland s labor market
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HS: Employment among immigrants has improved sharply in Finland

The increase has surprised officials at the Ministry of Finance, reports Helsingin Sanomat. It remains unknown whether the improvement is permanent or temporary.

Employment rate increases in January compared to last year

According to the Finnish Labor Force Survey, the employment rate for those aged 20-64 was 76.6% in January, up from 76.5% in the same age group last year. The employment rate for men rose 0.4 percentage points from January of last year to 77.2%, while the employment rate for women fell 0.2 percentage points to 75.9%. Starting from the January data, the Labor Force Survey has begun reporting the employment rate by the age group of 20-64, whereas previously, the employment rate was analyzed among those aged 15-64.

Statistics Finland's Labour Force Survey will start reporting the employment rate according to the 20 to 64 age group. Previously the employment rate has been examined in the 15 to 64 age group. The first data according to the new age group division will be published on 21 February 2023. 

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