238,900 unemployed jobseekers in May
The number of unemployed jobseekers rose by 3,500 from May of last year. The number of new vacancies reported totalled 75,600. In all, the number of unfilled vacancies in May was 150,500, which is 71,100 fewer than a year ago.
At the end of May, the number of unemployed jobseekers totalled 238,900. This is 3,500 more than a year earlier and 7,200 fewer than in the previous month. These figures are from the Employment Bulletin of the Ministry of Economic Affairs and Employment.
The number of unemployed jobseekers includes the customers of Employment and Economic Development Offices and local government pilots on employment as well as people fully laid off. Of the unemployed jobseekers, 137,500, or 6,500 more than in May a year ago, were customers of municipalities participating in the local government pilots on employment.
At the end of May, the number of people laid off was 20,000 in the whole country; a year-on-year increase of 1,900. The number of people fully laid off totalled 14,500, representing an increase of 2,500 from May the year before. The number of people fully laid off decreased by 4,500 from April.
89,900 unemployed in the long term
The number of long-term unemployed — i.e. those who had been unemployed without interruption for at least a year — totalled 89,900, down 5,500 on the previous year. The number of unemployed jobseekers aged over 50 was 88,800, or 2,600 fewer than at the same time a year earlier.
Unemployed jobseekers under 25 years of age numbered 24,300, representing a decrease of 700 from May last year. Of the unemployment periods of youths, 57.6 per cent ended before reaching three months between January and May. This is 3.8 percentage points fewer than the year before.
Decrease in new vacancies
The number of new vacancies reported during May totalled 75,600, or 36,000 fewer than in May the previous year. In all, the number of unfilled vacancies in May was 150,500, which is 71,100 fewer than a year ago.
At the end of May, the number of persons covered by services included in the activation rate amounted to 114,500, up 1,800 on the previous year. These services include pay subsidies, labour market training, rehabilitative work and self-motivated studies.
Statistics Finland: The trend of the unemployment rate 6.9%
According to the Labour Force Survey issued by Statistics Finland, in May the number of people in employment was 39,000 more than on the previous year. The trend of the employment rate was 74.3%, which was 0.5 percentage points higher than in May the year before. According to the Survey, the unemployment total was 266,000, which is 39,000 more than a year ago. The trend of the unemployment rate was 6.9%, or 0.4 percentage points higher than the previous year.
Key differences between Employment Service Statistics and the Labour Force Survey
This information is based on the Ministry of Economic Affairs and Employment’s Employment Service Statistics and the Labour Force Survey of Statistics Finland. The Employment Service Statistics of the Ministry are compiled on the basis of the information in the customer register of the Employment and Economic Development Offices and local government pilots on employment, while the Labour Force Survey of Statistics Finland is based on sampling.
In the employment service statistics of the Ministry of Economic Affairs and Employment persons that are not in employment relationship or employed in business are listed as unemployed. Persons fully laid-off but not full-time students are also categorised as unemployed in the Employment Service Statistics. The Labour Force Survey of Statistics Finland has a stricter definition of being unemployed: a person is unemployed if he or she has actively sought employment during the preceding four weeks and is available for work over the coming two weeks. The figures of the Labour Force Survey of Statistics Finland are internationally comparable and thus they are the official Finnish unemployment statistics.
Petri Syvänen, Ministerial Adviser, Ministry of Economic Affairs and Employment, tel. +358 295 048 050