In October 328,900 unemployed jobseekers
A total of 328,900 unemployed jobseekers were registered at the Employment and Economic Development Offices at the end of October. This is 8,700 fewer than a year earlier. The number of unemployed jobseekers decreased by 600 from the previous month. The figures are from the Employment Bulletin of the Ministry of Economic Affairs and Employment.
The number of long-term unemployed — that is those who had been unemployed without interruption for more than a year — amounted to 122,700, up 9,600 on the previous year. The number of unemployed jobseekers over 50 years of age was 125,400, or 1,200 fewer than at the same time a year earlier.
Unemployed jobseekers under 25 years of age numbered 41,000, representing a decrease of 2,400 from October last year. Among unemployed young people, the period of unemployment ended within three months on average in 62.6% of cases between January and October, which is 0.2 percentage points less than the year before.
Increase in number of new vacancies
The number of new vacancies reported to Employment and Economic Development Offices during October totalled 40,000, or 3,700 more than in October the previous year. In all, the number of unfilled vacancies at Employment and Economic Development Offices in October amounted to 76,400, which is 11,400 more than a year ago.
At the end of October, the number of people laid off was 30,000 in the whole country, which is 2,200 fewer than the year before. The number of people fully laid off totalled 19,700, representing a decrease of 2,600 from October the year before.
The number of advance declarations of employers regarding potential lay-offs has decreased. According to the advance declarations, it is possible that 2,000 people will be laid off in the near future, which is 2,800 fewer than a year ago. The number of upcoming lay-offs decreased by 2,300 from September to October.
At the end of October, the number of persons covered by services included in the activation rate amounted to 128,800, up 7,900 on the previous year. These services include pay subsidies, labour market training, work trials and self-motivated studies.
Statistics Finland: Unemployment rate 8.1 per cent
According to Statistics Finland’s Labour Force Survey in October 2016, the number of employed persons was 2,000 fewer than one year earlier. The employment rate was unchanged from last year 68.4 per cent. According to the Labour Force Survey, there were 217,000 unemployed in October 2016, i.e. 18,000 fewer than in October of the year before. At 8.1 per cent, the unemployment rate was 0.6 percentage points lower in October than one year earlier.
Key differences between Employment Service Statistics and the Labour Force Survey
The information is based on the Ministry of Economic Affairs and Employment’s Employment Service Statistics and monitoring of upcoming lay-offs, 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 Employment and Economic Development Offices’ customer register, 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 an 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 for being unemployed: a person is unemployed if he or she has actively sought employment during the preceding four weeks and is available for work within 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 29 504 8050.
More detailed information on the Employment Service Statistics is available in the Ministry’s ‘Sector Online’ information system: www.toimialaonline.fi/ path: Statistical base – Labour market – Employment service statistics