Saturday 10/16/21
WORK MARKET

Finland had 322,600 unemployed jobseekers at the end of July

The figures show some improvement over a year ago, but also show that Finland is still far from pre-pandemic employment levels
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Finland had 322,600 unemployed jobseekers registered with the Employment and Economic Development Offices (TE Offices) and other public unemployment registries at the end of July. This is 64,900 less than a year earlier, but 53,700 more than in July two years ago, before the Covid-19 crisis erupted.

The figures show some improvement over a year ago, but also show that Finland is still far from pre-pandemic employment levels. The number of unemployed jobseekers also increased by 6,400 from the previous month.

These figures are from the Employment Bulletin of the Finnish Ministry of Economic Affairs and Employment.

At the end of July, the number of people laid off was 44,400 in the whole country, which was 55,600 fewer than at the same time last year. The number of people fully laid off totaled 32,400, representing a decrease of 49,600 from July the year before.

The number of long-term unemployed — that is those who have been unemployed without interruption for at least a year — amounted to 113,900, up 36,200 on the previous year.

The number of unemployed over 50 years of age was 113,400, or 12,200 less than at the same time a year earlier.

Unemployed jobseekers under 25 years of age numbered 40,300, representing a decrease of 13,700 from July last year.

Increase in new vacancies

The number of new vacancies reported during July totaled 72,200, or 25,800 more than in July the previous year. In all, the number of unfilled vacancies in July amounted to 136,000, which is 49,300 more than a year ago.

At the end of July, the number of people covered by services included in the activation rate amounted to 97,800, up 3,500 on the previous year. These services include pay subsidies, labour market training, work trials and selfmotivated studies.

According to the Labour Force Survey issued by Statistics Finland, in July the number of people in employment was 86,000 more than on the previous year and the unemployment total was 202,000, which is 5,000 less than a year ago.

The unemployment rate was 7.1%, having been 7.5% a year earlier.

The figures presented in the Employment Service Bulletin of the Ministry of Economic Affairs and Employment are compiled on the basis of the information in the employment services customer's register, while the Labour Force Survey of Statistics Finland is based on sampling.

The figures presented in the Employment Service Bulletin of the Ministry of Economic Affairs and Employment are compiled on the basis of information from the employment services client register, while the Labor Force Survey is based on a sampling.

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