Unemployment decreased in December

Ministry of Economic Affairs and Employment 24.1.2017 9.32
Press release

A total of 358,100 unemployed jobseekers were registered at the Employment and Economic Development Offices at the end of December. This is 19,800 less than a year earlier. The number of unemployed jobseekers increased by 29,600 from the previous month. The figures are from the Employment Service Statistics 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 122,000, up 3,800 on the previous year. The number of unemployed jobseekers over 50 years of age was 131,600, or 4,600 less than at the same time a year earlier.

Unemployed jobseekers under 25 years of age numbered 48,100, representing a decrease of 4,300 from December last year. Among unemployed young people, the period of unemployment ended within three months on average in 62.8% of cases between January and December, which was the same as the year before.

Increase in number of new vacancies

The number of new vacancies reported to Employment and Economic Development Offices during December totalled 37,100, or 1,700 more than in December the previous year. In all, the number of unfilled vacancies at Employment and Economic Development Offices in December amounted to 68,500, which is 7,400 more than a year ago.

At the end of December, the number of people laid off was 38,000 in the whole country, which is 7,200 less than the year before. The number of people fully laid off totalled 27,500 people, representing a decrease of 7,100 from December 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 2,200 people will be laid off in the near future, which is 2,300 less than a year ago. The number of upcoming lay-offs decreased by 13,500 from November to December.

At the end of December, the number of persons covered by services included in the activation rate amounted to 114,100, up 6,500 on the previous year. These services include pay subsidies, labour market training, work trials and self-motivated studies.

Statistics Finland: Unemployment rate 7.9 per cent

According to Statistics Finland’s Labour Force Survey in December 2016, the number of employed persons was 34,000 more than one year earlier. The employment rate grew by 1.3 percentage points from last year to 68.3 per cent. According to the Labour Force Survey, there were 207,000 unemployed in December 2016, i.e. 34,000 fewer than in December of the year before. At 7.9 per cent, the unemployment rate was 1.3 percentage points lower in December 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.

Further information on the differences between the statistics:
http://tilastokeskus.fi/til/tyti/tyti_2015-04-28_men_001_en.html

Inquiries:
Petri Syvänen, Ministerial Adviser, Ministry of Economic Affairs and Employment, tel. +358 29 504 8050.

Links:
Employment Bulletin of the Ministry of Economic Affairs and Employment:
http://www.temtyollisyyskatsaus.fi/graph/tkat/tkat.aspx?lang=en

Information on upcoming lay-offs:
http://tem.fi/en/upcoming-lay-offs

Key definitions of the Employment Service Statistics
http://tem.fi/en/release-dates-of-statistics-and-description-and-quality-description

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

Joint publication of the Statistics Finland and the Ministry of Economic Affairs and Employment
http://tilastokeskus.fi/til/tyti/tie_en.html