Finland Labour Costs - Forecast

Labour Costs in Finland is expected to be 107.43 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Finland to stand at 107.60 in 12 months time. In the long-term, the Finland Labour Costs is projected to trend around 107.81 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Finland Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.5 7 7.4 7.1 6.9 7.1
Employed Persons 2631 2542 2507 2537 2539 2534
Unemployed Persons 183 203 211 211 210 210
Labor Force Participation Rate 68.3 66.33 65.38 65.91 66.15 66.02
Long Term Unemployment Rate 2 1.94 1.89 1.89 1.86 1.8
Youth Unemployment Rate 16.8 16.03 15.12 14.43 13.93 12.54
Labour Costs 109 107 108 108 108 108
Job Vacancies 45391 49294 51979 50336 50021 50431
Wages 3456 3410 3420 3422 3515 3460
Wages in Manufacturing 102 102 102 103 104 107
Population 5.51 5.51 5.51 5.54 5.54 5.56
Retirement Age Women 63 63 63 63 63 63
Retirement Age Men 63 63 63 63 63 63
Part Time Employment 381 345 378 381 371 374
Wages Low Skilled 1760 1827 1827 1827 1929 1868
Wages High Skilled 3660 4000 4000 4000 4065 4074
Productivity 103 109 108 102 103 107
Living Wage Family 1740 1740 1740 1748 1748 1747
Living Wage Individual 1170 1134 1133 1135 1137 1140
Employment Change 0.6 0.66 0.57 0.52 0.49 0.23
Employment Rate 74.1 71.39 70.37 71.31 71.37 71.21
Full Time Employment 2018 2124 2057 2040 2115 2070