Labour market forecast: Labour market situation will deteriorate in autumn but a turn for the better is expected next year
The situation in Finland’s labour market is looking bleak. Many employees will be laid off, with the number of layoffs expected to rise to close to the highs experienced during the financial crisis of 2009. In particular, the economic trend in manufacturing and construction will be unfavourable and be reflected in the demand for services.
Labour market forecast: Ageing and part-time employees will keep employment growth afloat
The lacklustre state of the economy will be reflected in the labour market over the next few months. As recently as in early 2023, the labour market showed a positive trend. During the latter part of the year, however, employment will start to fall before returning to a positive track in 2024.
Occupational Barometer: Increase in labour shortages has slowed down but health and social services continue to account for top shortage occupations
This autumn’s Occupational Barometer indicates that the increase in labour shortages has levelled off. At the national level, the Occupational Barometer nevertheless identified 56 shortage occupations out of 200 key occupations.
Labour market forecast: Employment to grow further with more older people at work while unemployment falls
According to the labour market forecast extending until 2024, employment will improve in Finland. The number of employed people will continue to increase, but the rapid post-pandemic growth in employment is expected to slow down towards the end of 2023.
Labour market forecast: Employment to exceed pre-coronavirus level this year but unemployment to fall below that level only in 2023
According to estimates, 55,000 more people will be employed this year than before and employment will grow by another 22,000 people in 2022. The employment rate is expected to rise to 73.8% in 2023.
