Finland Labor Force Participation Rate  Forecast


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Labor Force Participation Rate in Finland is expected to be 65.66 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Finland to stand at 66.24 in 12 months time. In the long-term, the Finland Labor Force Participation Rate is projected to trend around 66.24 percent in 2020, according to our econometric models.


Finland Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 8 7.8 9.9 9 7.2 7.1
Employed Persons 2461 2453 2431 2417 2406 2373
Unemployed Persons 214 213 214 213 213 210
Labor Force Participation Rate 65 65.66 66.3 66.32 66.24 66.24
Long Term Unemployment Rate 2.2 2.24 2.25 2.26 2.27 2.35
Youth Unemployment Rate 20.5 20.2 19.97 19.8 19.68 19.66
Labour Costs 109 108 108 108 107 106
Job Vacancies 42574 34436 30742 27710 25801 21837
Wages 3392 3402 3402 3402 3400 3370
Wages in Manufacturing 100 100 101 101 101 104
Population 5.5 5.5 5.52 5.52 5.52 5.56
Retirement Age Women 65 65 65 65 65 64
Retirement Age Men 65 65 65 65 65 64
Part Time Employment 370 359 366 362 352 355
Wages High Skilled 3660 4079 4067 4061 4056 4074
Wages Low Skilled 1760 1927 1929 1930 1931 1928
Productivity 104 103 100 103 105 103
Living Wage Family 1740 1733 1741 1746 1750 1748
Living Wage Individual 1170 1135 1134 1134 1133 1139
Employment Change 0.1 0.06 0.05 0.04 0.04 0
Employment Rate 69.3 69.31 68.89 68.65 68.45 67.78
Full Time Employment 1969 1992 1978 2056 2068 1996